Ionian Bank up its banking licence. The Greek operation, renamed "Ionian Popular Bank", was absorbed into Alpha Bank in 2000. A "decree of the Eminent Senate of the Commonwealth of Ionian Islands" established the Ionian State Bank in 1839, to finance trade between the Ionian Islands (a British protectorate), and Great Britain. This made the bank the oldest in Greece. The bank received a 20-year grant of the exclusive privilege of issuing and circulating banknotes for the Ionian Islands. The bank soon changed its name to Ionian Bank (IB), and initially only operated in the Ionian Islands, opening branches in Corfu, Aante
Ionian Islands Ionian Islands The Ionian Islands (Modern Greek: , ; Ancient Greek, Katharevousa: , ; ) are a group of islands in Greece. They are traditionally called the Heptanese, i.e. "the Seven Islands" (, "Heptanēsa" or , "Heptanēsos"; ), but the group includes many smaller islands as well as the seven principal ones. As a distinct historic region they date to the centuries-long Venetian rule, which preserved them from becoming part of the Ottoman Empire, and created a distinct cultural identity with many Italian influences. The Ionian Islands became part of the modern Greek state in 1864. Administratively today they belong