Banking and Finance
Definitions of the Bank
1. REYNOLD
“Bank is the factory of credit”.
2. DR. H.L. HART
“A banker is one who is in the ordinary course of his business receives money which he repays by honouring cheques of persons from whom or for whose account he receives it”.
3. PROF. CROWTHER
“Bank is an institution which gets to lend and in this way creates credit money”.
4. KEYNES
“A bank is an institution which receives deposits and advance loans.
Evolution of Banking
About there thousand years ago there was a nation called “SUMERIAN” who started giving loans to the people. These loans were repayable in form of cash as well as commodities. Sumerian used lumps of gold and silver as money.
1. BANKING IN IRAQ
Two thousand years ago the tradition of Banking was introduced and developed in Iraq. The king described legal provisions in writing for giving loans and mud cakes were used for loan agreements. Rate of interest on these advances was 33.3% P.A.
2. BANKING IN GREECE
Banking reached Greece from Iraq and had made great progress in the 14th Century B.C. in Greece temples served as earliest banks. In 594 B.C. a solaran revised the procedure of giving loans on interest basis.
3.
BANKING IN ROME
In 14th Century B.C. an institution was established in Rome which started to accept deposits and lent the money to needy people.
4. BANKING IN AMERICA
In th USA, the origins of banking services came out of conditions created by the California Gold Rush starting in 1848.
5. BANKING IN BRITAIN
The Bank of England was founded as a private joint stock company in 1694. According to modern experts first modern bank was established in 1694 in England named “Bank of England”. It was the first Bank who got the sole authority of issuing currency notes.
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Deutsche Bank’s Mayer Says Greek Default Is Not Imminent
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NATIONAL BANK OF GREECE LOAN BOND SHARE OF 100 DRACHMAS OTTOMAN REVENUE 1912 $0.00 |
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NATIONAL BANK OF GREECE LOAN BOND SHARE OF 250 DRACHMAS REVENUE 1925 $0.00 |
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KTHMATIKH BANK OF GREECE BOND SHARE OF 500 DRACHMAS REVENUE 1940 $0.00 |
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1947 Bank of Greece Airmail Cover to US Bank $0.00 |
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WWI GREECE GOVERNMENT 5% LOAN 1914 PRINTED by AMERICAN BANK NOTE COMPANY of NY $0.00 |
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10 TRILLION ZIMBABWE DOLLARS x 10 BANK NOTES + 500 THOUSAND GREECE DRACHMAI $0.00 |
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GREECE 1955 100 DRACHMAI DRACHMA BANKNOTE 1.7.1955 BANK NOTE SCARCE THEMISTOCLES $0.00 |
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Greece Bank Note.1000 Drachma.1970.Set of 2.S $0.00 |
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100 TRILLION ZIMBABWE & 500,000 GREECE – x 2 BANK NOTES $0.00 |
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Greece Bank Note.10 Drachma.1940.Uncirculated.S $0.00 |
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Greece Bank Note.20 Drachma.Issued 1940.Uncirculated.S $0.00 |
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GREECE NATIONAL BANK LOAN BOND OF 100 DRACHMAS 1904 REVENUES $0.00 |
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GREECE COMMERCIAL BANK CHECK CHEQUE UNUSED $0.00 |
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World Coins – Greece 1 Drachma 1988 Coin KM# 150 – Uncirculated From Bank Roll $0.00 |
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Greece Bank Note.50 Drachma.1939 $0.00 |
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1978 Greece 50 Drachmai Bank Note Poseidon P 199a $0.00 |
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Banks of Greece by Not Available (NA), Paperback, BRAND NEW FREE P&H $0.00 |
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GREECE: 1000 DRACHMAI, 1970 BANK OF GREECE ISSUE, P-198b $0.00 |
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GREECE: 100 DRACHMAI, 1978 BANK OF GREECE ISSUE, P-200 $0.00 |
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GREECE: 100 DRACHMAI, 1978 BANK OF GREECE ISSUE, P-200 $0.00 |
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GREECE IONIAN BANK CHECK CHEQUE UNUSED $0.00 |
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MD BALTIMORE SAVINGS BANK Greek Architecture postcard $0.00 |
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1966 GREECE NATIONAL BANK OF GREECE 125TH ANNIV 4 STAMP 4 OFFICIAL CACHET UA FDC $0.00 |
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NATIONAL BANK OF GREECE LOAN BOND SHARE OF 250 DRACHMAS REVENUES 1925 $0.00 |
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NATIONAL BANK OF GREECE LOAN BOND SHARE OF 250 DRACHMAS REVENUE 1925 $0.00 |
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Banking In Greece, including: Bank Of Crete, Arab Helle $0.00 |
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Economy Of Greece, including: Greek Euro Coins, Bank Of $0.00 |
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Banks Of Greece, including: Bank Of Crete, Arab Helleni $0.00 |
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GREECE 1901 to PARIS…BANK ATHENS COVER $0.00 |
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1942 Bank of Greece 1000 Drachma $0.00 |
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1939 Greece 1000 Drachmai Bank Note Athena Parthenon P 110 $0.00 |
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1940 Greece 10 Drachmai Bank Note Demeter P 314 UNC $0.00 |
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1943 Greece 25000 Drachmai Bank Note Inflation Issue WWII Nymph Deidamia P 123 $0.00 |
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1944 Greece 25 Million Drachmai Bank Note Ancient Greek Coin WWII P 130a $0.00 |
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1944 Greece 500 Million Drachmai Bank Note Apollo WWII P 132a AU-UNC $0.00 |
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1978 Bank of Greece 100 Drachmai Drachmas Drachma Currency Paper Money Banknote $0.00 |
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GREECE NATIONAL BANK PIRAEUS MERCHANT STORE CHEQUE 1912 $0.00 |
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GREECE BANK LAIKI ATHENS CHEQUE 1936 $0.00 |
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GREECE 1000 Drachmai Bank Note 1987 VF P-202 FREE SHIPPING $0.00 |
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Greece Bank Note.1000 Drachma.1970 $0.00 |
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GREECE BANK OF CHIOS SCIO ATHENS CHEQUE c. 1940 $0.00 |
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GREECE 100 DRACHMAI P98a VG/F(OLD DATE 1927) PROV. NEW BANK NAME ON P91 $0.00 |
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GREECE 1930′s 2 SALONICA CVRS 1 IS A BANK CVR W/ POSTAL $0.00 |
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1947 National City Bank New York Greece Grove Dusting Harley Morse Meyers Art Ad $0.00 |
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Greece Bank Note.50 Drachma.1941 $0.00 |
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TRILLIONS+ ZIMBABWE CURRENCY BANK NOTE SET OF 11 NOTES + 500,000 GREECE DRACHMAI $0.00 |
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EGYPT GREECE NATIONAL BANK OF EGYPT CHEQUE $0.00 |
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EGYPT GREECE NATIONAL BANK OF EGYPT CHEQUE $0.00 |
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GREECE BANK OF CHIOS SCIO ATHENS CHECK CHEQUE $0.00 |
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GREECE BANK OF CHIOS SCIO ATHENS CHECK CHEQUE $0.00 |
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