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25 Drachmai blue front
| Issuer | Ionian Bank Limited |
|---|---|
| Year | 1900-1920 |
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| Value | 25 Drachmai |
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| Obverse description | Greek state arms at upper left, bank arms flanked by flags as a central vignette at upper centre, and a figure of Athena at upper right. The design is executed in blue tones with decorative guilloche work framing the principal vignettes. |
|---|---|
| Obverse lettering | BANQUE IONIENNE LIMITED 25 FRANCS (Translation: IONIAN BANK LIMITED 25 FRANCS) |
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| Comments |
The Ionian Bank Limited operated under a British royal charter granted in 1839, making it one of the few private banks in Greece to hold formal note-issuing rights during the period this note was produced. Its concession covered the Ionian Islands, territories that had only passed from British to Greek sovereignty in 1864 — meaning the bank's constitutional position was always slightly anomalous within the Greek financial system, tolerated rather than integrated.
Waterlow & Sons printed for dozens of colonial and semi-colonial banking institutions across this period, and their work for the Ionian Bank is consistent with that output: competent intaglio, reliable security features, no particular deviation from their house approach to private bank commissions. The blue colorway distinguishes this denomination within the series.