The Anglo-Egyptian Bank was a British overseas bank established in 1864.
7-574: 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
14-673: A member of the London Bankers' Clearing House – the London banking partnership of Masterman, Peters, Mildred and Company – and renamed itself Agra and Masterman's Bank. It met strong opposition, suffered share price manipulation and lost customers. By 1866 it had become the leading exchange bank in the East after the Oriental Bank Corporation . Agra and Masterman's was obliged to suspend payment on 6 June 1866 following
21-727: 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 . Citations 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.), Agra and Masterman%27s Bank Agra Bank
28-605: 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). In 1956, following
35-627: 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 Until 1920
42-523: Was an Indian bank that was founded in 1833 in Agra (now in the Indian state of Uttar Pradesh ), with a capital of £1,000,000 and was finally liquidated in 1900. The bank was founded in 1833, but by 1840 its business was still confined to advances to the military. Attempts to circulate banknotes were blocked by the government but in any case notes had little appeal to the bulk of local residents. A branch
49-747: Was established in Somerset Place, Calcutta and by the mid-1850s Calcutta had become its head office with branches in Madras and Bombay and a London agency. Branches in Lahore and Canton were added and at the end of the 1850s the head office was moved to London. The Agra and United Service Bank was incorporated in England in 1857 and issued banknotes but it was unable to gain entry to the London Bankers' Clearing House . In June 1864 it took over
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