Despite its name and its key role in the economy of the Ottoman Empire, the Ottoman Bank was a private initiative of British and French bankers. Its sumptuous buildings with colonnades in Galata (modern Karaköy neighborhood) in Istanbul, as well as its luxurious office in Alexandria (remember that Egypt was part of the Ottoman Empire at that time).
The main city of Cyprus for the Ottomans was Larnaca, so the office was built here, there were also living quarters for the bank manager.
The detailing of the building’s platbands and window dressings is similar to the decoration of the customs house storages across the road. They probably shared a common prototype and builder.
The bank now houses the Larnaca History Archive and Library (Stavrides Art Foundation), a new institution dedicated to the heritage of the city. It is headed by the historian Iosif Hadjikyriakos. There are also two other institutions here: Historical Archive of Larnaka Municipality and Cyprus Marine and Maritime Institute (CMMI).
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