The Anglo-Egyptian Bank was a British overseas bank established in 1864.

History

The founding banks were Agra and Masterman's Bank, La Compagnie Financière Maurice de Cattauï and the General Credit and Finance Co., and the bank incorporated Pastré Frères et Compagnie (est. 1821; reorganized 1827 by Eugène Pastré) and Giovanni Sinadino and Co., which was the only one of the four to have its seat in Egypt, in

Alexandria Alexandria ( ; ) is the List of cities and towns in Egypt#Largest cities, second largest city in Egypt and the List of coastal settlements of the Mediterranean Sea, largest city on the Mediterranean coast. It lies at the western edge of the Nile ...

. The senior officials of all four firms sat on the first board of directors. In addition to its activities in Egypt, the Anglo-Egyptian opened branches in the British Mediterranean, where it frequently acted as banker to the British authorities. The Anglo-Egyptian Bank issued

banknotes A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commer ...

for Malta in 1886. 1895, a notice signed by the secretary of the bank, William Hart, states the head office is located on

Lombard Street, London Lombard Street () is a street notable for its connections with the City of London's merchant, banking and insurance industries, stretching back to medieval times. From Bank junction, where nine streets converge by the Bank of England, Lombard ...

, with branches in

Cairo Cairo ( ; , ) is the Capital city, capital and largest city of Egypt and the Cairo Governorate, being home to more than 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, L ...

Gibraltar Gibraltar ( , ) is a British Overseas Territories, British Overseas Territory and British overseas cities, city located at the southern tip of the Iberian Peninsula, on the Bay of Gibraltar, near the exit of the Mediterranean Sea into the A ...

Malta Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...

, and Rue Lafayette of ParisWilliam Hart (1895) �
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published by Anglo-Egyptian Ban
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republished by Grace's Guide 23 December 2010 (hyperlink is a

redirect Redirect and its variants (e.g., redirection) may refer to: Arts, entertainment, and media * Redirect (album), ''Redirect'' (album), 2012 Christian metal album and its title track by Your Memorial * Redirected (film), ''Redirected'' (film), a 20 ...

) - accessed 2020-02-14 Until 1920 the Cattauï family had a controlling interest in Anglo-Egyptian. Then in 1921 Barclays Bank initially acquired 15% of the bank before acquiring the Cattauï family's interest in 1924, which made Barclay's the majority stakeholder in Anglo-Egyptian. In 1925, Barclays Bank merged Anglo-Egyptian with Colonial Bank and

National Bank of South Africa First National Bank (FNB; ) is one of South Africa's "Big Four (banks)#South Africa, big four" banks. It is a division of FirstRand, a large financial services conglomerate (company), conglomerate, which trades on the Johannesburg Securities Exch ...

to form Barclays Bank (Dominion, Colonial and Overseas). In 1956, following the Anglo-French attack on

Port Said Port Said ( , , ) is a port city that lies in the northeast Egypt extending about along the coast of the Mediterranean Sea, straddling the west bank of the northern mouth of the Suez Canal. The city is the capital city, capital of the Port S ...

, the Egyptian government sequestrated the 19 branches, one sub-branch, and 26 agencies in Egypt, using them to found Bank of Alexandria.

Timeline

Acquisition

* 1884 Anglo-Egyptian purchased the accounts of the liquidated Commercial Bank of Alexandria, which had been established in 1868.

Branch openings and closings

* 1864

* 1878

Larnaca Larnaca, also spelled Larnaka, is a city on the southeast coast of Cyprus and the capital of the Larnaca District, district of the same name. With a district population of 155.000 in 2021, it is the third largest city in the country after Nicosi ...

and

Nicosia Nicosia, also known as Lefkosia and Lefkoşa, is the capital and largest city of Cyprus. It is the southeasternmost of all EU member states' capital cities. Nicosia has been continuously inhabited for over 5,500 years and has been the capi ...

* 1881

* 1888

* 1890 The bank closed the branches in

Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...

and Port Saïd. * 1913

Khartoum Khartoum or Khartum is the capital city of Sudan as well as Khartoum State. With an estimated population of 7.1 million people, Greater Khartoum is the largest urban area in Sudan. Khartoum is located at the confluence of the White Nile – flo ...

. After nationalization in 1970, the operations in

Sudan Sudan, officially the Republic of the Sudan, is a country in Northeast Africa. It borders the Central African Republic to the southwest, Chad to the west, Libya to the northwest, Egypt to the north, the Red Sea to the east, Eritrea and Ethiopi ...

became part of

Bank of Khartoum Bank of Khartoum (BOK), is the largest bank in Sudan. With some 111 or more branches, it is also the commercial bank with the oldest continuous history in the country. The largest single shareholder is Dubai Islamic Bank. In 2011, the government ...

. * 1918

Jerusalem Jerusalem is a city in the Southern Levant, on a plateau in the Judaean Mountains between the Mediterranean Sea, Mediterranean and the Dead Sea. It is one of the List of oldest continuously inhabited cities, oldest cities in the world, and ...

and

Jaffa Jaffa (, ; , ), also called Japho, Joppa or Joppe in English, is an ancient Levantine Sea, Levantine port city which is part of Tel Aviv, Tel Aviv-Yafo, Israel, located in its southern part. The city sits atop a naturally elevated outcrop on ...

* 1921 The Musky, a commercial district in

. * 1925 Anglo-Egyptian had 16 branches in all.

Citations & references

Citations {{Reflist, 30em References Samir Saul (1994) From the Anglo-Egyptian Bank to Barclays (DCO): A Century of Overseas Banking. In M. Davids, F. Proceedings of the Conference on Business History, Rotterdam, The Netherlands. de Goey, D. De Wit (eds.),

Bibliography

Egypt sets new targets for banking sector after moving to free-floating currency
published by Oxford Business Group - accessed 2020-02-14
Anglo Egyptian Bank
published by Barclays PLC - accessed 2020-02-14
Barclays Bank International, formerly Barclays Bank (Dominion, Colonial & Overseas) and Barclays Bank D.C.O.
published by Barclays Group Archives (BGA) - accessed 2020-02-14 *(shows

errata An erratum or corrigendum (: errata, corrigenda) (comes from ) is a correction of a published text. Generally, publishers issue an erratum for a production error (i.e., an error introduced during the publishing process) and a corrigendum for an a ...

"1827"
Lot: 79
published by

Spink & Son Spink & Son (established 1666) is an auction and collectibles company known principally for their sales of coins, banknotes and medals. They also deal in philatelic items, wine and spirits, and other collectible items. History John Spink foun ...