For a period of about three centuries 1175–1489, Limassol enjoyed remarkable prosperity. Cyprus was characterised by its great number of Latin bishops. This lasted until the occupation of Cyprus by the Ottomans in AD 1570. Latin battalions which established monasteries were settled down there. The settlement of merchants in Cyprus and particularly in Limassol in the 13th century led to the financial welfare of its inhabitants. Its harbour as a centre of transportation and commerce, contributed greatly to the financial and cultural development.