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 The Ottoman Empire, * ; is an archaic version. The definite article forms and were synonymous * and el, Оθωμανική Αυτοκρατορία, Othōmanikē Avtokratoria, label=none * info page on book at Martin Luther University) ...

's forces in December 1898, the government of the autonomous

Cretan State The Cretan State ( el, Κρητική Πολιτεία, Kritiki Politeia; ota, كريد دولتى, Girid Devleti) was established in 1898, following the intervention by the Great Powers (United Kingdom, France, Italy, Austria-Hungary, Germany ...

, under

Eleftherios Venizelos Eleftherios Kyriakou Venizelos ( el, Ελευθέριος Κυριάκου Βενιζέλος, translit=Elefthérios Kyriákou Venizélos, ; – 18 March 1936) was a Greek statesman and a prominent leader of the Greek national liberation movem ...

, established the Bank of Crete (''Banque du Crète'') with the assistance of 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 ...

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 Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, and ...

. The

wholly acquired, and subsumed the Bank of Crete in 1919.

References

{{DEFAULTSORT:Bank of Crete (1899-1919) Defunct banks of Greece Cretan State Banks established in 1899 Establishments in the Cretan State Banks disestablished in 1919 1919 disestablishments in Greece 1899 establishments in the Cretan State 1919 mergers and acquisitions