Ionian Bank Act 1882
The Ionian Bank was a bank of issue established in 1839 in London to operate in the United States of the Ionian Islands, which was then a British protectorate. The bank moved its head office in Greece from Corfu to Athens in 1873, and expanded in Greece and the Eastern Mediterranean, including through the acquisition of Greece's Popular Bank in 1938. After losing its branches in Egypt to nationalization in 1956, the British parent entity sold its operations outside the United Kingdom. The Greek business, renamed Ionian and Popular Bank and nationalized in 1975, was eventually absorbed into Alpha Bank in 2000. Bank of issue At the initiative of Lord High Commissioner of the Ionian Islands Howard Douglas, and following earlier failed attempts in 1833 and 1837, a resolution of the Senate of the Ionian Islands established the Ionian State Bank on , primarily to finance trade between the islands and Great Britain. It opened operations in Corfu on , making it the oldest in what is ...
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