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25 Drachmai black front

Issuer Ionian Bank Limited
Year 1889-1898
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Shape Rectangular
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Obverse description Greek royal coat of arms at upper left, the arms of the Ionian Bank Ltd. flanked by flags at upper centre, and a vignette of Athena at upper right. The note carries printed date, place of issue (Kerkyra/Corfu), and the designations of the Royal Commissioner, Director, and Accountant below the main inscriptions. Engraver's imprint of Waterlow & Sons Ltd. appears at the lower margin.
Obverse lettering ΙΟΝΙΚΗ ΤΡΑΠΕΖΑ LIMITED. ΔΡΑΧΜΑΙ ΕΙΚΟΣΙΠΕΝΤΕ Πληρωτέαι ἐνταῦδα ἐπὶ τῇ ἐμφανίσει Έν Κερκύρᾳ τὴν 17 Όκτ. 1894 ΒΑΣ. ΕΠΙΤΡΟΠΟΣ Ὁ Διευθυντὴς Ὁ Λογιςτὴς Waterlow & Sons Ld. Bank Note Engravers, London
(Translation: Ionian Bank Limited. TWENTY-FIVE DRACHMAI Payable immediately upon display In Kerkyra (Corfu) on 17 Oct. 1894 Royal Commissioner The governor The accountant)
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The Ionian Bank was a British chartered institution operating primarily in the Ionian Islands and later mainland Greece — founded in London in 1839, it held a note-issuing privilege that outlasted most private banks of its kind in the region. By the time this series was issued, the bank had been operating for half a century under a charter that was repeatedly contested by Greek authorities who wanted note-issuing rights consolidated under the National Bank of Greece.

Waterlow & Sons handled the printing, as they did for much of the bank's output throughout the nineteenth century. The "black front" designation distinguishes this from color variants in the same denomination series — a printing distinction, not a later classification.