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Anglo-Egyptian Bank

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

A specimen £5 banknote emitted by the Malta branch of the Anglo-Egyptian Bank

History edit

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. 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 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, with branches in Alexandria, Cairo, Gibraltar, Malta, and Rue Lafayette of Paris[1]

 
Barclays (Dominion, Colonial & Overseas) branch in Jerusalem, circa 1940

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 to form Barclays (Dominion, Colonial & Overseas).[2] In 1956, following the Anglo-French attack on Port Said, the Egyptian government sequestrated the 19 branches, one sub-branch, and 26 agencies in Egypt, using them to found Bank of Alexandria.

Timeline edit

Acquisition edit

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

Branch openings and closings edit

See also edit

Citations & references edit

Citations

  1. ^ William Hart (1895) — File, published by Anglo-Egyptian Bank 1895, republished by Grace's Guide 23 December 2010 (hyperlink is a redirect) - accessed 2020-02-14
  2. ^ Anthony, Michael (2001). Historical Dictionary of Trinidad and Tobago. Scarecrow Press, Inc. Lanham, Md., and London. ISBN 0-8108-3173-2.

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 edit

  • 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 "1827") Lot: 79, published by Spink & Son - accessed 2020-02-14

anglo, egyptian, bank, british, overseas, bank, established, 1864, specimen, banknote, emitted, malta, branch, contents, history, timeline, acquisition, branch, openings, closings, also, citations, references, bibliographyhistory, editthe, founding, banks, wer. The Anglo Egyptian Bank was a British overseas bank established in 1864 A specimen 5 banknote emitted by the Malta branch of the Anglo Egyptian Bank Contents 1 History 2 Timeline 2 1 Acquisition 2 2 Branch openings and closings 3 See also 4 Citations amp references 5 BibliographyHistory editThe founding banks were Agra and Masterman s Bank La Compagnie Financiere Maurice de Cattaui and the General Credit and Finance Co and the bank incorporated Pastre Freres et Compagnie est 1821 reorganized 1827 by Eugene Pastre and Giovanni Sinadino and Co which was the only one of the four to have its seat in Egypt in Alexandria 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 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 with branches in Alexandria Cairo Gibraltar Malta and Rue Lafayette of Paris 1 nbsp Barclays Dominion Colonial amp Overseas branch in Jerusalem circa 1940 Until 1920 the Cattaui Family had a controlling interest in Anglo Egyptian Then in 1921 Barclays Bank initially acquired 15 of the bank before acquiring the Cattaui 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 to form Barclays Dominion Colonial amp Overseas 2 In 1956 following the Anglo French attack on Port Said the Egyptian government sequestrated the 19 branches one sub branch and 26 agencies in Egypt using them to found Bank of Alexandria Timeline editAcquisition edit 1884 Anglo Egyptian purchased the accounts of the liquidated Commercial Bank of Alexandria which had been established in 1868 Branch openings and closings edit 1864 Alexandria 1878 Larnaca and Nicosia 1881 Malta 1888 Gibraltar 1890 The bank closed the branches in Cyprus and Port Said 1913 Khartoum After nationalization in 1970 the operations in Sudan became part of Bank of Khartoum 1918 Jerusalem and Jaffa 1921 The Musky a commercial district in Cairo 1925 Anglo Egyptian had 16 branches in all See also edit nbsp Banks portal Israel Discount Bank Banknotes of the Anglo Egyptian Banking Company Limited Malta Citations amp references editCitations William Hart 1895 File published by Anglo Egyptian Bank 1895 republished by Grace s Guide 23 December 2010 hyperlink is a redirect accessed 2020 02 14 Anthony Michael 2001 Historical Dictionary of Trinidad and Tobago Scarecrow Press Inc Lanham Md and London ISBN 0 8108 3173 2 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 editEgypt 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 amp Overseas and Barclays Bank D C O published by Barclays Group Archives BGA accessed 2020 02 14 shows errata 1827 Lot 79 published by Spink amp Son accessed 2020 02 14 Retrieved from https en wikipedia org w index php title Anglo Egyptian Bank amp oldid 1205551977, wikipedia, wiki, book, books, library,

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