[5] It was initially granted a privilege to issue banknotes, but that was revoked in 1869 under Cuza's successor Carol of Hohenzollern-Sigmaringen.
[6] It also obtained the country's Tobacco concession, and the Romanian royal family maintained an account at the bank for some time.
As such, it was no longer privileged,[2]: 329 but was one of four foreign banks active in Bucharest before World War I (the others being Banca Generala Româna, est.
[10] Nevertheless, the bank was conservatively managed by the BIO,[2]: 329 and gradually lost market share.
[2]: 332 By the early 1930s, the London head office had moved to 73-76, King William Street.