Adriatic Sea southeast, the Adriatic Sea connects to the Ionian Sea at the wide Strait of Otranto. The International Hydrographic Organization (IHO) defines the boundary between the Adriatic and the Ionian seas as a line running from the Butrinto River's mouth (latitude 39°44'N) in Albania to the Karagol Cape in Corfu, through this island to the Kephali Cape (these two capes are in latitude 39°45'N), and on to the Santa Maria di Leuca Cape (latitude 39°48'N). It extends from the northwest to the southeast and is wide. It covers and has a volume of . The Adriatic extends northwest from 40° to
Ionian Bank French banks were nationalized by Egypt at the same time. The next year IB sold its Greek assets to the Commercial Bank of Greece, which maintained IB as a separate entity, and its assets in Cyprus to the Chartered Bank. The Greek IB became the Ionian and Popular Bank of Greece by merging with its subsidiary, Popular Bank. Eventually, Alpha Bank purchased the Ionian and Popular Bank of Greece in 1999, and absorbed it in 2000. Commercial Bank of Greece bought IB's London branch. Ionian Bank The Ionian Bank (IB) was a British overseas bank that investors established in 1839