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in 1920 to leverage the close trading links between the island and Bombay, a key stronghold of
Eastern bank. Until 1944, Eastern remained the island's only bank. By the late 1930s, profits rose because of the booming oil industry in the Arab sheikhdoms. However, Eastern couldn't expand further in the
420:
The political changes in several Arab countries during the 1960s led to nationalisation of branches in Iraq, Aden, Mukalla, and Sheikh Othman, and these events greatly affected
Eastern. During the same time, it opened branches in Sharjah (1958), Abu Dhabi (1961), Al Ain (Buraimi, Abu Dhabi) (1962),
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401:
inflicted heavy losses on
Eastern Bank's Bombay and Calcutta branches. The same year, Barclays DCO and the Sassoon family sold their controlling interest in the bank to
27:
This article is about the historic 1909 founded
British bank which was acquired by Chartered bank in 1957. For the other banks with similar names, see
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with new national government policies in China, India, Burma and Ceylon, and saw
Eastern bank as a strategic acquisition. The bank remained a
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branch in 1912. The province had promises of a lucrative oil exploration concession, being actively pursued by a consortium which included
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Barclays Bank DCO increased its stake as a strategic initiative to tap into its Arab customers via
Eastern Bank, as Barclays had a strong
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started acquiring stake in
Eastern Bank and in 1939 the chairman of Barclays (DCO) joined the board of Eastern Bank.
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432:. In 1971, Standard Chartered absorbed Eastern's operations, and the name "Eastern Bank Ltd" slowly disappeared.
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of Iraq. With the establishment of a
British Mandate over Iraq, the bank expanded further into
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153:(now Standard Chartered Bank), acquired Eastern, and eventually absorbed it into
405:, an Eastern Bank rival. At that time, Chartered bank faced the challenges of a
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which were short of modern financial institutions. Eastern opened a branch in
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593:"Agent of Empire? The National Bank of Turkey and British Foreign Policy"
233:
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232:(IPC). Eastern Bank had to close its Baghdad branch at the start of the
43:
financial service activities, except insurance and pension funding
541:"Oil and the origins of the 'War to make the world safe for Democracy'"
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351:
244:, and competition from other banks that included Deutsche Bank and the
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189:. Right from its inception, the bank had a number of powerful
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in total held a controlling 65% of the capital of the bank.
424:
In 1969, Chartered Bank merged with the South
African bank
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205:
358:, (India) (1953, closed 1958). It also opened branches at
421:
Seiyun (Yemen) (1962), and
Bowbazar in Calcutta (1969).
482:
Page 148 | Clifford Chance: Its Origins and Development
217:
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562:"MILESTONES: 1921-1936, The 1928 Red Line Agreemen"
294:(1928). British banks also expanded into the small
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393:Amalgamation into Standard Chartered: 1957 - 1971
1076:
181:. The next year Eastern established branches in
517:, ed. (1988). "The Turkish Petroleum Company".
649:Documents and clippings about Eastern Bank Ltd
333:
200:Eastern expanded into the Ottoman province of
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228:named - Turkish Petroleum Company (TPC), now
866:Chartered Bank of India, Australia and China
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413:of Chartered Bank, with some level of
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385:. By 1957, Barclays Bank DCO and the
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454:"Eastern Bank Limited | 1909 - 1972"
1095:Defunct banks of the United Kingdom
24:
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817:Standard Chartered Bank of Canada
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920:Standard Chartered Bank Building
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317:British Bank of the Middle East
271:Eastern also expanded to other
166:Early years : 1909 - 1945
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1:
721:Standard Chartered Bangladesh
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342:, Eastern opened branches in
236:due to the alliance from the
29:Eastern Bank (disambiguation)
1090:Banks disestablished in 1971
766:Standard Chartered Sri Lanka
761:Standard Chartered Singapore
731:Standard Chartered Hong Kong
326:During the 1930s and 1940s,
7:
861:Bank of British West Africa
791:Standard Chartered Zimbabwe
776:Standard Chartered Thailand
771:Standard Chartered Tanzania
756:Standard Chartered Pakistan
716:International Bank of Qatar
653:20th Century Press Archives
334:Post world war: 1945 - 1957
256:(1916), in the wake of the
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880:Hsinchu International Bank
191:institutional shareholders
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1085:Banks established in 1909
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786:Standard Chartered Zambia
781:Standard Chartered Uganda
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214:Anglo-Persian Oil Company
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751:Standard Chartered Nepal
746:Standard Chartered Korea
741:Standard Chartered Kenya
726:Standard Chartered Ghana
979:Liverpool Football Club
944:(Group Chief Executive)
430:Standard Chartered Bank
411:wholly owned subsidiary
313:Imperial Bank of Persia
246:National Bank of Turkey
173:was founded in 1909 in
1105:British overseas banks
959:Greatest Race on Earth
597:The Historical Journal
566:US Department of State
370:, (Yemen) (1955), and
230:Iraq Petroleum Company
974:Kuala Lumpur Marathon
856:American Express Bank
591:Kent, Marian (1975).
520:Iraq: A Country Study
304:British protectorates
479:Slinn, Judy (1993).
171:Eastern Bank Limited
143:Eastern Bank Limited
127:United Kingdom
35:Eastern Bank Limited
1015:Seeing is Believing
407:post colonial world
328:Barclays Bank (DCO)
273:British possessions
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1100:Standard Chartered
994:Singapore Marathon
964:Hong Kong Marathon
693:Standard Chartered
515:Metz, Helen Chapin
374:, (Syria) (1956).
362:, (Qatar) (1950),
155:Standard Chartered
99:Standard Chartered
85:Standard Chartered
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381:customer base in
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83:Amalgamated into
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16:(Redirected from
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999:Singapore Sevens
989:Nairobi Marathon
938:(Group Chairman)
915:Six Battery Road
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603:(2): 367–389.
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403:Chartered Bank
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504:by Judy Slinn
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1029:Nationalized
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952:Sponsorships
942:Bill Winters
889:Eastern Bank
888:
884:P&O Bank
849:Predecessors
702:subsidiaries
641:Banks portal
600:
596:
586:
574:. Retrieved
570:the original
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544:. Retrieved
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524:. Retrieved
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496:. Retrieved
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457:. Retrieved
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419:
396:
376:
348:Kuala Lumpur
337:
325:
300:Persian Gulf
290:(1923), and
276:East of Suez
270:
252:(1915), and
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170:
169:
142:
140:
109:Headquarters
74:Acquired by
936:José Viñals
315:(later the
264:(1919) and
234:World War I
202:Mesopotamia
1079:Categories
929:Management
899:Union Bank
526:2008-06-28
436:References
428:, forming
352:Chittagong
338:After the
296:sheikhdoms
149:. In 1957
617:162536735
576:18 August
546:25 August
383:Palestine
292:Singapore
278:, namely
157:in 1971.
95:Successor
1051:Category
1033:Spun off
827:20Twenty
735:Mox Bank
415:autonomy
350:(1948),
286:(1922),
268:(1926).
187:Calcutta
179:far east
147:Far East
40:Industry
1063:Commons
709:Current
655:of the
651:in the
498:27 July
459:27 July
368:Mukalla
308:Bahrain
298:in the
288:Karachi
280:Colombo
210:Baghdad
161:History
63:Defunct
55:Founded
908:Places
800:Former
615:
489:
379:Jewish
372:Beirut
356:Cochin
344:Penang
321:Kuwait
284:Madras
266:Kirkuk
254:Amarah
224:, and
183:Bombay
175:London
116:
114:London
103:(1971)
89:(1971)
80:(1957)
1008:Other
613:S2CID
262:Mosul
250:Basra
216:(now
204:(now
1037:Sold
578:2012
548:2012
500:2012
487:ISBN
461:2012
364:Aden
360:Doha
240:and
206:Iraq
185:and
141:The
71:Fate
66:1971
58:1909
657:ZBW
605:doi
220:),
1081::
611:.
601:18
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595:.
564:.
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469:^
443:^
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323:.
302:,
218:BP
197:.
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733:(
685:e
678:t
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31:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
