Privileged Bank of Epirothessaly (ΠΡΟΝΟΜΙΟΥΧΟΣ ΤΡΑΠΕΖΑ ΗΠΕΙΡΟΘΕΣΣΑΛΙΑΣ) Currency & Banknote Values

The Privileged Bank of Epirothessaly (ΠΡΟΝΟΜΙΟΥΧΟΣ ΤΡΑΠΕΖΑ ΗΠΕΙΡΟΘΕΣΣΑΛΙΑΣ) series of Greece in the World Currency contains 0 distinct entries.

ΠΡΟΝΟΜΙΟΥΧΟΣ ΤΡΑΠΕΖΑ ΗΠΕΙΡΟΘΕΣΣΑΛΙΑΣ

After the Russo-Turkish War of 1877, when Russian forces defeated armies of the Ottoman Empire, the Convention of Constantinople was signed on 2 July 1881. At the behest of England, who wanted Cyprus, and against the wishes of Russia, Greece demanded large swaths of land in the Balkan peninsula. After much negotiation among the powers of England, France, and Russia, the Ottoman Empire ceded Thessaly and Epirus to Greece.

Banking services were required to provide development to these “new territories,” so Andreas Syngros founded the Privileged Bank of Epirothessaly (PBE) on 1 January 1882 with its headquarters in Volos. The bank enjoyed the “privilege” of issuing banknotes, and spread throughout the region in the next two decades, opening branches in Almyros, Arta, Athens, Kalampaka, Larissa, and Trikala.