This is the first of two volumes of a business history of a major British bank in the Middle East. Volume 1 traces the history of the bank from its foundation in 1889 as The Imperial Bank of Persia, through the years it was the state bank of Iran, and its development of modern banking in that country, to the ending of its links in 1952. The Bank's history has great importance for an understanding of the economic and political history of Iran in the...