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Bank Of Crete (1899–1919)
The Bank of Crete (, french: Banque du Crète) was a bank that functioned between 1899 and 1918. History Following the departure of the Ottoman Empire's forces in December 1898, the government of the autonomous Cretan State, under Eleftherios Venizelos, established the Bank of Crete (''Banque du Crète'') with the assistance of the National Bank of Greece and Hambros Brothers on 30 September 1899. In addition to the functions of commercial and mortgage banking, the bank received the exclusive privilege, for thirty years, of issuing banknotes in the island of Crete. The National Bank of Greece The National Bank of Greece (NBG; el, Εθνική Τράπεζα της Ελλάδος) is a global banking and financial services company with its headquarters in Athens, Greece. 85% of the company's pretax preprovision profits are derived ... wholly acquired, and subsumed the Bank of Crete in 1919. References {{DEFAULTSORT:Bank of Crete (1899-1919) Defunct banks of Greece Cre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Crete 1899 Seal
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
