The critical step to make Istanbul a finance center has been taken. Banking Regulatory and Supervisory Authority (BRSA) is moving to Istanbul. A tenant of İş Bank in the capital city, BRSA will also be leaving its additional building in Istanbul. Both departments will come together in a building in Mecidiyeköy, close to Saving Deposit Insurance Fund (SDIF). The building, for which the lease protocol has been prepared, is the former Denizbank Head Office building on Büyükdere Street, in Gayrettepe. It has been learned that the protocol will be signed this week unless there are any last minute changes. It is planned that BRSA will complete its moving procedures by February 2016. In this way, the move to the new finance center in Ataşehir will also be easier. Around 600 BRSA employees will work at the new building in Istanbul.
Contribution to the Finance Center
Work is about to begin for the area, where digging activities have been completed, to be used as a common area for facilities such as a school, health center, park and mosque. The construction of the organization buildings will begin following that of the social facilities. The service buildings will be built by different companies. The whole process is being coordinated by İller Bank together with the Ministry for the Environment and Urbanization.
2.4 km Metro Line
2.4 kilometers of metro line will be built for Istanbul Finance Center (IFC). The Istanbul Metropolitan Municipality has placed the metro line to the finance center into its program. It is expected that the finance center will be completed in 2017 or 2018. It is stated that the most number of floors at international finance center will be held by Ziraat Bank. While Ziraat Bank Head Office will consist of two tower blocks of 46 and 40 floors, BRSA will have a total of 62 floors, a 28 storey building as well two 17 storey buildings. On the other hand, the tallest building will belong to the Central Bank, with 55 floors