OREANDA-NEWS. April 03, 2015. Classified as " first-category historical monument ", the building standing at Cumhuriyet Bulvar 66, in Alsancak district, was designed in 1928 by the Istanbulite Levantine Italian architect Giulio Mongeri, to serve as a branch of Banca Commerciale Italiana (BCI).

After keeping this function between 1928 and 1979, the building suffered a wear and tear time until its purchase in 1988 by Turk Ekonomi Bankas (TEB). TEB was founded in 1927 by private investors as a regional bank iunder the name of Kocaeli Bankas. After it was purchased by the in 1982, it changed its name to TEB and became recognized a solid and prudent bank as well as a leader in foreign business. In March 2005, TEB signed a joint venture agreement with BNP Paribas. And February 2011 saw a memorable operational achievement in the Turkish banking sector with the merger of TEB with Fortis Bank , the Turkish arm of Belgian Fortis Banking Group, which had joined BNP Paribas two years before.

Now, the premises serve as the Aegean Corporate Center and the Aegean Regional Private Banking office of TEB.