A 1906 Act of Parliament had regulated the industrial and state banks in Britain giving Greece's representative banks an official status. When the World Trade Centre opened in London, the Bank of Athens was invited. Also in 1906, the Bank of Athens was absorbed by the International Credit Industry Banque de Grece, in France, becoming the bank's presence in Europe. This bank also did British Government business from 1908 as the "London Bankers". The bank opened a branch in Constantinople-Karakkoy in 1906, when the Banque D'Athenes worked with French Treasury, Basel II with Bourse de Paris and Constantinople.