2 Drachmai Ionian Bank Limited

The Ionian Bank was a British-chartered institution founded in 1839, operating across the Ionian Islands when they were still under British protection. By 1885, the islands had been part of the Greek state for over two decades — ceded in 1864 — yet the bank retained its concession and continued issuing notes denominated in drachmai rather than its original talari-based system. That shift in denomination was a political accommodation, not a banking decision.

Bradbury Wilkinson held the printing contract for the bank throughout this period. The S148 designation places this in a relatively late run of the series.