the catholic syrian bank limited ( csb ) is an indian private sector bank with its headquarters at thrissur , kerala , india .

it is one of the oldest banks in india .

the bank has a network of over 420 branches and more than 240 atms across india .

catholic syrian bank

the board of directors of catholic syrian bank has appointed anand krishnamurthy as the new managing director & chief executive officer of catholic syrian bank .
catholic syrian bank federal bank bank of india m . venugopalan v . p . iswardas larsen & toubro bank of ayudhia ganesh bank of kurundwad tamilnad mercantile bank s . santhanakrishnan
for all the branches of
catholic syrian bank ltd .
in
thrissur
district )
catholic syrian bank ltd . branches , kerala , all branch addresses , phone , ifsc code , micr code , urltoken
thrissur : tony john akkare , s . swaminathan and prakash g . tole were re - elected members of the director board of catholic syrian bank on thursday .
catholic syrian bank ceo c . v . r . rajendran says the bank has hired jm financial as the merchant banker for the qualified institutional placement ( qip ) . photo : hemant mishra / mint
the products and services of the catholic syrian bank are meant to provide utmost customer satisfaction . by being a customer of the bank , one can be assured of financial stability and high returns . some of the well known segments under which the services of the bank are based are :
kochi : three new members were elected to the board of kerala - base catholic syrian bank ( csb ) on friday at the bank’s annual general body meeting . the new additions gain significance in light of almost year - long attempts to merge csb with kerala - based federal bank .
directors of the catholic syrian bank ltd are subbaiah singala , maniedath madhavan nambiar , ashish ahluwalia , madhavan karunakaran menon , thomas mathew , rajendran chinna veerappan , trikkur seetharaman anantharaman , radha unni , chirakkekaran bobbyjos , .
kochi : in what could be termed as a new year bonanza for thrissur - based catholic syrian bank ( csb ) , the reserve bank of india ( rbi ) has granted approval to fairfax financial holdings , promoted by canadian billionaire prem watsa , to buy majority stake in the bank .
the earliest banks were mostly on community lines , which is in line with both the indian and global experience . the malayali bank , promoted by namboodiris , was the first such bank in 1919 . this was followed by chaldean syrian bank , named after chaldean christians of thrissur . in 1921 , c . r . iyyunni , a lawyer and social activist , set up catholic syrian bank . tamil brahmins of thrissur formed their own dhanalakshmi bank in 1927 .
thrissur is home to three major banks—catholic syrian bank , dhanalakshmi bank and south indian bank . these banks are currently classified as old private sector banks—they are among the few managed to survive in the private banking sector over the years . their history is quite remarkable and needs to be discussed briefly .
ranking among the well known private banks in india , the catholic syrian bank is an organization that is preferred by lots of customers across the country . it offers a number of customized solutions and services of high standards to fulfill the needs and preferences of the customers and help them to enjoy financial stability . the catholic syrian bank has a strong presence in the rural areas in india and is a well known financial organization related to the agricultural sector .
the catholic syrian bank ltd ' s annual general meeting ( agm ) was last held on 25 september 2017 and as per records from ministry of corporate affairs ( mca ) , its balance sheet was last filed on 31 march 2017 .
welcome to the catholic syrian bank . incorporated in 1920 , csb is one of the pioneers of the banking industry in india . with a very progressive work environment and an increasingly youthful employee demographic , joining csb will give you space and opportunity to flourish .
insurance is a major part of the products and services of catholic syrian bank . there are long term insurance benefits as well as short term insurance benefits . one can avail car insurance , health insurance , housing insurance and lots more from the bank . some of the popular insurance products that are offered :
“the board has given the approval to raise up to rs400 crore through a qip before end october . we have appointed jm financial as the merchant banker , ” said c . v . r . rajendran , managing director and chief executive of catholic syrian bank .
to increase its overseas presence , the catholic syrian bank offers a number of high class services and financial solutions to the non resident indians . most of the banking transactions are carried online which makes it more hassle free , easy and convenient . some of the well known accounts which are offered by the bank are :
mumbai : kerala based - catholic syrian bank ( csb ) ltd is looking to raise as much as rs400 crore by selling shares to financial institutions , following the collapse of its plan to sell a major stake to prem watsa owned fairfax financial holdings ltd over differences in valuation .
john chandy , a local businessman and the convener of catholic syrian bank protection committee , an organisation that was formed when chansrichawla picked up his stake in the bank , believes the board prefers a merger . he wouldn’t give any evidence , but that’s the general perception as well — but for the disagreement on valuation , the merger would have gone through .
banking and financial services sector has seen the biggest qips , led by state bank of india ( sbi ) and kotak mahindra bank . other banks that have tapped the qip route this year include yes bank , federal bank , dcb bank and united bank of india , which have collectively raised close to rs8 , 000 crore .
out of the nine banks , just four remain today , with three of them from trichur . a remarkable feat , considering the fact that there are only 12 old private sector banks in india now . the catholic syrian bank is about to celebrate its 100th birthday in 2020 and the other two are about to enter their 90s .
the catholic syrian bank ltd ' s corporate identification number is ( cin ) u65191kl1920plc000175 and its registration number is 175 . its email address is board @ urltoken and its registered address is head office ,
csb bhavan
, post box no . 502 , st . mary ' s college road , thrissur kl 680020 in , - , .
south indian bank was an exception . the 42 businessmen who formed the bank did not want the bank to be affiliated to a community or religion . thus , they chose the name “south indian bank” and registered it in 1929 .
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thingalaya ( banks in the south : past , present and their future , 2009 ) , in his exceptional work on india’s banking history , says that there were about 38 banks in thrissur alone . most of these banks were on community lines as their names indicate ( cochin nayar bank , mar appraem bank , mar thoma syrian bank , etc . ) , some were dedicated to hindu gods ( lakshmi prasad bank , sree radhakrishna bank , etc . ) and others were more generic ( bharata union bank , cochin reserve bank , etc . ) . from these 38 banks , we have three surviving banks , which makes their overall achievement even more impressive .
csb would be an ideal fit . there would be no cultural issues , as both banks serve in the same market . only about 16 branches would have to be relocated . a merger would make federal bank the biggest private bank in the south after icici bank and hdfc bank .
obviously , all this attention irks iswardas , who wants to retain the bank’s independence and the catholic syrian community in kochi , backed by the church that wants it to retain its community identity . their answer ? to treble the business of the bank to rs . 30 , 000 crore in two years , expand its footprint , create a presence in all states in the country and raise money from the market to fuel that growth . iswardas hopes that this would discourage existing investors from selling out .
the catholic syrian bank ltd is a public incorporated on 26 november 1920 . it is classified as non - govt company and is registered at registrar of companies , ernakulam . its authorized share capital is rs . 1 , 200 , 000 , 000 and its paid up capital is rs . 809 , 620 , 800 . it is inolved in monetary intermediation [ this group includes the obtaining of funds in the form of deposits ]
head office the catholic syrian bank ltd csb bhavan , head office : p . b no . 502 , st . mary ' s college road , thrissur - 680 020 kerala , india phone : 91 - 487 - 2333020 , 2333277 , 2333420 , 2333477 , 2333493 , 2333472 , 2333469 , 2333445 , 2333261 , 2338760 , 2338759 , 2338762 , 2321137 , 2332186 , 2332058 , 6451706 , 6451708 , 6451709 fax : 91 - 487 - 2333435 website : urltoken
catholic syrian bank’s qip plans comes at a time when fund raising through this route has touched a record this year . mint reported on 6 september that 18 companies raised rs34 , 881 . 5 crore through qips so far this year . after this , bajaj finance raised nearly rs4 , 500 crore through a qip in early september , raising total qips to rs38 , 681 crore , and beating the 2009 record of 54 companies raising rs34 , 675 . 75 crore through this route .
for iswardas , ironically , the biggest support would come from the representatives of the catholic syrian community . the csb protection committee is headed by the archbishop of thrissur diocese . it’s a powerful institution there . several churches , seminaries , trusts and institutions come under it . it runs 14 hospitals , six colleges , five professional colleges , training institutes , many schools . father raphael thattil , vicar general of the archdeocese , says the bank isn’t a mere commercial entity . the diocese , he says , is dead against any merger or the loss of the bank’s identity .
“we would like to see three years of profitability before we go for an ipo . meanwhile , we believe that fund - raising through qip will help us meet the bank’s capital requirement for the next two years , ” rajendran added . at the end of march , catholic syrian bank had a capital adequacy ratio of 12 . 15 % , higher than the 10 . 25 % mandated by basel - iii norms . but it needs to beef up its capital position to grow its loan book faster than the 3 . 4 % rate in 2016 - 17 . the bank had reported two years of losses before showing a profit of rs1 . 5 crore in 2016 - 17 .
iswardas’ office is on the fourth floor of csb towers , an undistinguished building surrounded by educational institutions — st . thomas college , st . mary’s college a couple of schools — not far from the heart of thrissur . some of these are run by thrissur diocese , a powerful christian institution that has had a long association with the bank . the church continues to bank with csb . the bank was started by the syrian christian community in thrissur back in the 1920s .
in 1994 , csb seemed to be a good pick , and he bought 36 percent stake from the syrian christian community , which originally promoted the bank . however , things were anything but smooth — there were court cases saying he flouted foreign exchange norms and there was stiff resistance from the church .
his first target was lord krishna bank . the talks proceeded well enough and the two banks agreed in principle for a merger . but unions were against it , shareholders didn’t agree on the valuations , and he saw centurian bank of punjab snatching away his prize . a year later , he did acquire a bank ( ganesh bank of kurundwad ) . it gave federal bank an additional 32 branches and a footprint in maharashtra , but nothing of the size he desired .
link your aadhaar with your csb bank account by clicking on the link below . you can also click the link to verify if your aadhaar details are already updated in your bank account .
the petition argued that fatima nagar cooperative bank was a “cooperative society and not a banking company” .
• the travancore banking enquiry committee ' s report in 1930 noted that nearly 190 banks were found to be functioning in the state in that year ! of the 190 banks , just six had paid - up capital of rs1 lakh or more . out of the 184 banks with capital less than rs1 lakh , there were 10 banks with paid - up capital less than rs1 , 000 . the largest bank was the travancore national bank with capital of rs1 . 5 lakh and the smallest was catholic little flower bank , with paid up capital of just rs280 .
krishnamurthy has been associated with the bank for the past one year and was previously responsible for corporate banking , sme business and the integrated treasury operations of the bank as its head of wholesale banking and treasury .
from the day he took over the reins of federal bank five years ago , venugopalan was unhappy with its size . he had just stepped down as the boss of bank of india , which had 2 , 600 branches , over 10 , 000 employees and rs . 150 , 000 crore of business . federal bank had about 420 branches , 6 , 000 employees and rs . 23 , 000 crore of business at that time . it was a step down . for federal bank employees , he was “a big banker in a small bank . ” so what ? he would make the bank bigger . and acquire , if need be .
iype peter , a former federal bank employee who was elected to the csb board last year had quit in january , paving the way for s . santhanakrishnan , who quit the federal bank board , to join the csb board and hasten the merger process . federal bank currently holds a 4 . 99 % stake in csb .
the 10 percent rule effectively ended his ambition to control a bank in india . he had to give up .
that perception gains some credence from the fact that s . santhanakrishnan , a former federal bank director , now sits on csb’s board . a chartered accountant , he founded his firm sridhar & santhanam in 1977 . a highly networked professional , he went to the board of federal bank when icici bank had a stake in it . he was with venugopalan as he grew it “from a small , regional kerala bank to a good private sector bank . ” he was a votary of the merger , and it’s widely believed he moved to the board of csb to facilitate the merger , and make the transition easier . he was elected as the chairman of the bank recently ( rbi approval is pending ) .
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the bank had earlier planned to sell 15 per cent stake to a single investor , aif capital development of hong kong .
if a merger becomes inevitable , his resort would be the courts . litigants in tamilnad mercantile bank , another community bank based in tamil nadu , succeeded in stalling annual shareholder meetings for seven years and stopped board members from taking over for two years .
exp : min 3 years experience in audit and inspection of bank branches / offices . knowledge of ' credit ' is essential .
the rbi did not approve this , contending that maximum shareholding by a private equity investor in a bank should be up to 5 per cent . the bank later sold aif 5 per cent . gartmore and siguler guff got 4 . 5 per cent each .
it is for the first time that the rbi granting clearance for a bank to sell 51 per cent of its stake to a single private investor .
not many in india have heard of chansrichawla , a media - shy third - generation non - residend indian based in thailand . the affable sikh held 24 . 5 percent stake in the bank . but given that indian law doesn’t allow an investor to hold more than 10 percent in a bank , he sold 14 . 5 percent to 15 investors from india and abroad . this followed the lack of a deal in his talks with federal bank .
addressing a press conference later , members of the csb protection committee alleged they were manhandled by the “police , a section of bank employees and goondas” .
csb has also formed a three - member board committee to conduct due diligence and that the process was ongoing , he added . m . venugopalan , managing director of federal bank , had earlier said that his bank was open to having a say in the affairs of csb keeping in mind the possible
mr . chandy held the post of chairman of fatima nagar cooperative bank . he filed a petition in the thrissur munsiff court challenging the rejection of his nomination .
as for federal bank , one opportunity may have passed , but the doors aren’t entirely closed . chansrichawla’s last minute deal is yet to be approved , there is anantharaman with his 12 percent stake that could still be targeted and at least some csb backers may prefer to let a local bank take it over than an unknown investor .
in addition to these , the bank also offers loans and advances for nris who wish to set up business and commercial bases in india . some of them are :
a csb board member said on condition of anonymity that the new board was unanimously in favour of a merger with federal bank . however , the proposal would have to officially come from the federal bank . “with the new board at csb now all in favour of a merger , federal may now consider hastening things , ” he added .
the csb protection committee , patronised by the thrissur archdiocese , said it was against any move by nris to take over the csb because the church had contributed to the bank’s growth .
“we welcome the appointment of mr . anand krishnamurthy as the managing director & ceo of the bank . as md & ceo , mr . anand will continue to focus on initiatives to transform ourselves into a full service contemporary bank , ” said s . santhanakrishnan , part - time chairman of , csb . krishnamurthy replaced rakesh bhatia who had quit earlier this year citing personal reason . after this , the board of directors had sent a panel of three names to reserve bank of india out of which they had maintained that krishnamurthy was the first choice .
most of these banks turned out to be unstable and had to be closed . kerala was home to two of the largest and most controversial banking failures in indian history . the first was the travancore and quilon bank in 1938 and the other was the palai central bank . these banking shocks ( along with other shocks like partition ) created enormous turbulence in kerala’s banks .
meanwhile , the task before iswardas is to make investors see that the value of csb shares keep rising on the back of robust growth . “it’s not about size , ” iswardas says , “size of the bank comes second . i am looking at what the bank’s strengths are , and how best it can be used . if i do that , growth should follow naturally . ”
it’s a tough task : what csb plans to add in the next two years , state bank of india adds in a month . it’s ambitious , admits iswardas . “but look at our recent record . we managed to increase our advances by rs . 1 , 250 crore in the last three to four months . ” can he grow the bank so fast when the industry itself has slowed down ? a deutsche bank report says that loan growth is unlikely to scale previous peaks , even though it’s improving . public sector banks have reduced their targets , it points out .
before the board approved the qip , csb was looking to sell 51 % stake to fairfax but the deal did not go through since the bank felt the offer was too low . according to another person familiar with the development who spoke under condition of anonymity , vallabh bhansali , chairman of enam group on 23 may picked up a nearly 4 % stake in the bank at a valuation of rs160 per share , a 30 % premium to csb’s rs123 . 5 per share book value at the end of march . this also values the bank at around rs1 , 295 crore .
naturally , there has been no dearth of suitors . just 80 kilometres from iswardas’ office sits m . venugopalan , ceo of federal bank . this larger country cousin of csb has been trying to acquire it for the past two years in a bid to become the dominant bank in kerala . it bought a 5 percent stake and waited for a larger stake . it found a heaven - sent opportunity when the reserve bank of india set a march 31 , 2010 deadline for csb’s largest shareholder , sura chansrichawla , to bring down his 24 . 5 percent stake to less than 10 percent . here was a shareholder under compulsion to sell and a buyer eager to lap it up . for a while , it almost looked like csb would become an apple in federal bank’s basket .
t . s . anantharaman , another board member and a shareholder in the bank , says , for the investors , it’s a question of price . “they would like to see some return on their investments . ”
the bank plans to raise money through a qualified institutional placement ( qip ) , where listed companies sell shares , fully and partly convertible debentures , or any security other than convertible warrants , to a qualified institutional buyer .
to this day , venugopalan insists that the logic for the merger holds good . despite chansrichawla’s sale of stake to a new set of investors , federal bank hasn’t walked away from csb . it retains its 5 percent stake .
for chansrichawla , this was not the way things were supposed to go . he came here in the 1990s , looking at investment opportunities . banking was high up on chansrichawla’s priority list . a generation earlier , his family tried to get hold of a bank ( bank of ayudhia ) in thailand , but failed . as thai economy became more liberal , it was left to his generation to enter and expand his family’s interest in banking , finance and insurance .
the private equity infusion was to take the csb’s net worth beyond the reserve bank of india’s minimum requirement of rs . 300 crore . the csb had only rs . 229 . 39 crore in net worth in 2006 - 07 .
the basis of the exception , in the case of csb , is the need to ensure adequate capital availability for turning around the struggling bank . the deal assumes significance considering the 21 - year - long quest for control of csb .
in a rare study which looks at the history of one of the thrissur banks—south indian bank—m . k . das and thomas e . m . ( a southern odyssey : the story of south indian bank , 2014 ) analyse some of the reasons for trichur emerging as a banking centre . they say towns like cochin or mattancherry became important commercial centres due to favourable geography leading to trading opportunities in these towns . however , trichur emerged as a trading town because of state patronage .
a few months ago , mint on sunday editor sidin vadukut wrote about a visit to his home town of thrissur for his younger sister ' s wedding . he mentioned that he met a neighbour who was proud that his daughter had recently joined a bank .
as if this wasn’t enough , a three - way stalemate has just emerged showing that the battle for csb is far from over . chansrichawla , who was talking to federal bank to sell his stake , went ahead and sold it to an entirely new set of investors .
recently , csb had filed for an initial public offering for rs 400 crore . apart from csb , rbl has also filed for an ipo . both the lenders have been advised by the reserve bank of india over the past few years to gear up for an ipo .
25 crore . in addition to the domestic branches , there are around 5 nri branches of the bank as well as 5 industrial branches , 5 ssi branches and 4 service branches . all these branches work in coordination with each other and offer the high class facilities and services .
a good analysis . everyone ' s prayers must be with iswardas . one point we should note : majority of the directors on the board neither have any in depth idea about the business nor the culture of the bank . since the large shareholders dominate the board , their personal interest in selling their holding at a high price takes prominence over the growth of the bank . this is the source of the problem for any ceo . in fact mr . chansrichawla ' s representatives ( direct and indirect ) are more on the board despite rbi ' s clear instructions against .
here comes the twist . the share transfer is yet to be cleared by csb’s board . the rbi asked the bank to check if these 15 investors were acting in concert . the apparent implication was that if they belonged to one group , their combined stake would again violate the law .
venugopalan was ready to pay the price for strategic value . he offered a share swap in august 2009 under which shareholders of csb were to get 1 . 9 shares of federal bank for every share they held . this valued csb at rs . 700 crore . the deal looked almost done .
csb chairman s santhanakrishnan said fairfax india would invest ` 1 , 000 crore in the bank , and that the deal is likely to be closed by march 2017 . he said csb was not worried about fairfax acquiring majority stake , because the canadian firm would have voting right of only 15 per cent .
as the bank’s 86th annual general body meeting began here this morning , the csb protection committee demanded its adjournment citing sections 179 ( 1 ) and 180 of the companies act , 1956 , for alleged rejection of proxies , improper verification of documents / signatures and having not allowed representatives of the committee to scrutinise proxies .
indian financial system code ( ifsc ) . it is used for electronic payment applications like real time gross settlement ( rtgs ) , national electronic funds transfer ( neft ) , immediate payment service , an interbank electronic instant mobile money transfer service ( imps ) , and centralised funds management system ( cfms ) developed by reserve bank of india ( rbi ) . code has eleven characters
alpha numeric
in nature . first four characters represent bank , fifth character is default
0
left for future use and last six characters represent branch . micr code : magnetic ink character recognition as printed on cheque book to facilitate the processing of cheques .
while in opposite camps , iswardas and venugopalan have one thing in common . both have to struggle with their respective board of directors that may not always agree with their views . the csb board will approve a deal at the right price , while federal bank’s board won’t allow venugopalan to pay as much as he was willing to .
“as part of the terms of the deal , the rbi has sought a five - year lock - in for fairfax , and asked the firm to reduce its holding in the bank to 15 per cent in 12 years , ” said sources . “normally , it takes at least three - four years for the turnaround . the five - year lock - in has been fixed for certainty in this regard . a valuation exercise will commence shortly to determine value of the unlisted entity , ” added the sources , but did not specify any timeframe for the process . it is learnt that the bank would be issuing fresh shares to fairfax , which has substantial holdings in diversified financial firm iifl and the bangalore international airport .
meanwhile , csb would look at industrial clusters to tap the sme business . iswardas has asked rbi for permission to open 35 more branches . and for the first time , the bank would participate in campus recruitments . the plan is to touch rs . 19 , 000 crore in deposits plus loans by 2011 , and rs . 30 , 000 crore by 2012 .
iswardas has divided the branches into three categories ( rural , urban and semi - urban ) and has given each of them a focus area ( retail , corporate and small & medium enterprises , respectively ) . he set up a credit committee comprising of zonal and general managers to make decision - making faster . the 90 - year - old bank has several third generation customers , and it would try to deepen the ties .
at the time of bank nationalization in 1969 , there were 72 banks that had managed to survive in india . of these banks , nine were from kerala . and of these nine , four were scheduled banks and the other five non - scheduled banks . more importantly , seven of the nine banks were from the erstwhile cochin state and within these seven banks , four were from trichur ( the anglicized name for thrissur ; i will use both ) .
disclaimer : - we have tried our best to keep the latest information updated as available from rbi , users are requested to confirm information with the respective bank before using the information provided . the author reserves the right not to be responsible for the topicality , correctness , completeness or quality of the information provided . liability claims regarding damage caused by the use of any information provided , including any kind of information which is incomplete or incorrect , will therefore be rejected .
a few things are obviously missed out here . it must be noted that it is through supreme court ' s intervention and its order chawlas got the approval which was pending for a long time after the rbi declined to acknowledge the transfer . chawlas are not known to manage any business well in their own country and the bank they were having control in thailand was taken over by the government . it is largely believed that santana krishnan , venugopalan and chawlas pushed the merger proposal for their personal interest rather with larger objective of increasing shareholder value at both banks .
the next question : how did these banks help thrissur and kerala ? one way to assess this is to see the branch network of these banks in kerala . in 1970 , kerala had 642 bank branches out of which 60 % were from kerala - based banks . within the 60 % , thrissur - based banks constituted 22 % of the total branches . in terms of population per branch , kerala had 33 , 251 people per branch , which was the third - lowest amidst states after gujarat and punjab . the national average was 60 , 859 people per branch .
federal bank’s inherent growth must be some consolation to venugopalan . the net worth has risen to rs . 4 , 000 crore . the branch network is up to 670 from 420 . but it could have been much better with csb in the bag . he has set a goal to reach rs . 100 , 000 crore in total business and a network of 1 , 000 branches by 2011 . “last two years were difficult because of slowdown in the economy and there was a set back . we will anyway work towards the goal . ” the target did not include business through any acquisition . “that would have been a bonus , ” he says .
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mint reported on 25 july that the private sector lender was considering various fund - raising options including a qip to raise short - term capital . it was even reconsidering a share sale , three years after it had filed a draft red herring prospectus .
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but outsiders , sure as hell , are interested in coming in . csb has built an exclusive franchise in kerala with total business of rs . 10 , 000 crore and 363 branches , reaching virtually every nook and corner of the malayalam country . for banks and businessmen looking to dominate the financial sector of the state that gets the highest level of foreign remittances in india , it is a tempting buy .
while further events have put the deal in a knotty situation , names of other indian businesses and non - banking financial companies constantly crop up as potential acquirers of csb . its star - studded shareholders list includes the likes of engineering conglomerate larsen & toubro .
with none of the three sides willing to yield an inch , a game of patience has begun . the big question is , who will blink first .
but when venugopalan took it to his board , the directors shot it down . they thought the price was too high . they got kpmg to do another valuation which put csb at rs . 400 crore . csb shareholders didn’t agree . the deal got stuck in the crevice between expectation and offer .
however , santhanakrishnan says csb has the potential to grow fast by itself . soon , it would get ready to raise money from the market , even though it’s too early to say which route it would take . he declined to comment on other options .
the committee had been working towards buying the shares back from chansrichawla . the church had commitment of rs . 250 crore from individual investors , chandy says . but , again price would have been the issue .
he will have a tough time competing with bigger banks , which can afford to offer lower rates for corporate clients . his growth plans also assume business from new branches in new markets , where he wouldn’t have the advantages he has in kerala ( namely , loyal customers ) and he will also have to compete with banks that are already entrenched in those markets . some of the smes among his target segment are export driven , and growth is unlikely to pick up on that front . that leaves him with retail customers , a segment that’s doing well , but the competition there is increasing not just from nbfcs but also from bigger banks .
he now has to convince prospective investors that he can keep the momentum . that will be a bigger challenge .
venugopalan , iswardas , chansriwala . three determined warriors . three different agendas . in the land where apostle st . thomas set foot 2 , 000 years ago and the country’s first mosque opened in the 7th century , it remains to be seen whose prayers will be answered .
( this story appears in the 30 april , 2010 issue of forbes india . you can buy our tablet version from urltoken . to visit our archives , click here . )
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but not mentally prepared to .
this piqued my curiosity . i asked the author whether the woman had joined one of the thrissur firms , as i knew the region is home to quite a few local banks . he responded by asking why i don’t write about the same—and here we are .
even before we discuss the histories of these individual banks , we need to discuss the history of banking in kerala . it is intriguing to unearth how financial intermediation has existed in this part of the world much before banks came into being .
edith jemima simcox ( primitive civilizations or outlines of the history ownership in archaic communities , 1894 ) , in a remarkable account on primitive civilizations , covers the region of malabar along with other regions . she mentions that “the dravidian kuri , or lottery , is said to have been handed down from very ancient times , and it is still commonly resorted to by anyone desiring to raise a sum of money for some special purpose , such as a daughter’s marriage” . the second volume of the same book covers china , where she notes very similar arrangements were used to raise capital , prompting the author to add , “the resemblance to the dravidian kuri , or lotteries , is obvious , and the institution in china may easily be as ancient as the characteristic form of mortgage also shared with the people of malabar . ”
these kuris ( more popularly known as chit funds today ) evolved for over a thousand years and are perhaps the oldest forms of financial intermediation . they started as the malabar region’s engagement in the spice trade over the centuries lead to the monetization of the economy . a mechanism was needed to transfer funds to those who needed it—as alluded to by simcox . this led to development of the kuri system , where members got funds on a rotation basis . in the absence of collateral , kuri was an interesting way to transfer funds from surplus units to deficit units , which is seen as a major role of financial system as well .
w . e . preston , who was member of royal commission on indian currency and finance ( 1926 ) , noted “ . . . it may be accepted that a system of banking that was eminently suited to india’s then requirements was in force in that country many centuries before the science of banking became an accomplished fact in england . ”
coming back to our topic , we zoom into the early 20th century , when indians were establishing joint stock banks in different parts of the country . under british india , the state of kerala as we know it today was divided into three parts : malabar in the north , cochin in the centre and travancore in the south . malabar came under the madras presidency and the other two were princely states .
within these three regions , a large number of banks mushroomed , most of them offshoots of existing kuri funds . there are multiple sources telling us about the high banking concentration in these three regions :
• the madras banking enquiry committee ( 1930 ) noted that there were around 66 banks in the entire presidency , with 32 of them in the malabar region . again , most of these banks were small .
• there was no separate committee to study banking in cochin . however , the report of the travancore - cochin banking enquiry commission ( 1956 ) noted that the princely state had 155 banks in 1936 , which declined to 109 in 1939 and to 68 in 1954 . the commission reported an even larger numbers of banks in travancore : 274 in 1932 - 33 , which declined to 85 in 1954 . whatever the sources of data , one thing is clear : these regions just had an amazingly high birth rate and death rate of banks .
out of the nearly 1 , 700 banks that closed in the country in the period between 1913 and 1970 , nearly 370 banks were from the kerala region . this excludes some of the malabar banks , which were counted as banks that closed in the madras presidency .
the sheer longevity of these banks is quite significant and demands adequate research . they remained small banks serving the hinterlands of kerala . in 1969 , the nine kerala banks comprised just 1 . 8 % of total deposits mobilized by all banks .
the next question is , why trichur ? the cochin - travancore banking commission ' s report noted that in cochin “most of the banks were largely centred in trichur , a commercial town with extensive rural areas lying all round which had also their banks” .
they highlight how sakthan thampuran , who was the king of cochin between 1751 and 1805 , shifted the capital from mattancherry to trichur . they cite the following reasons :
• both the dutch and british had bases at mattancherry and were warring for supremacy . sakthan did not want to take sides and shifted base to thrissur .
• the other reason was the central location of thrissur , which made governance easier in times where connectivity was poor .
• the third reason was strategic . thrissur historically served as a gateway for enemy armies , whether they were the zamorins of calicut or hyder ali / tippu sultan . by shifting the base , he revealed the military strategist in him .
with the shifting of the political base , economic activity too began to shift towards thrissur . the king promoted state trading in commodities , taking a cue from european traders . he built a small fleet of ships which he rented to private players , a forerunner to today’s coastal shipping activity . he also realized that many towns and villages of the state had product - specific markets . he ensured the prosperity of these markets by appointing officers to oversee the problems .
given this policy push , thrissur gradually evolved into a commercial centre . thus , as joint stock banks started thronging the region , thrissur became the default choice for most of promoters .
in 1972 , when first district - wise banking data was released , there were 70 banked centres in thrissur district , the eighth - highest in the country . more importantly , most of these banked centres were small rural centres with branches of local thrissur banks . there were 133 functioning offices in the district , which was 17th - highest among all the districts .
in terms of total deposits and credit volumes , the district does not fare as well , given the banks were mainly catering to the small depositor and borrower . however , in terms of number of deposit accounts and credit accounts , the tally is impressive . the number of credit accounts was 118 , 000 , 10th - highest in the country ( three districts from kerala were in the top 10 ) , whereas the number of deposit accounts was around 240 , 000 , making it 36th - highest in the country . the number of accounts again highlights that thrissur banks mainly catered to small customers .
apart from these inclusion parameters , these banks also provided employment opportunities to local people . most of them were community banks as their names indicate , whose initial workforce mainly comprised members of their own communities .
after reading so much about banks in thrissur , and poring over the data , one wonders just how many people know of its contribution to indian banking history .
and it ' s not just about banks . one of the better known nbfcs ( non - banking finance companies ) —mannapuram gold loan—also started in thrissur in 1949 . not to mention the fact that it has become a hub for several jewellery companies—such as kalyan jewellers—which are now beginning to expand their footprint across the country . gold and banking are , in fact , intrinsically connected as most of these banks lent against gold as collateral . moreover , it is not just about the past : one of the 10 small finance banks—esaf—started its journey in thrissur and is now headquartered in chennai .
there is so much to learn and understand about thrissur’s emergence and sustenance as a financial hub over a small scale . i have barely scratched the surface and would be delighted to learn from those who know much more about banking in the region .


beamish and crawford was a brewery in cork , ireland , established in 1792 by william beamish and william crawford on the site of an existing porter brewery .

beamish and crawford operated until 2009 and had a number of owners , including carling o'keefe , elders ixl , scottish & newcastle and , most recently , heineken international .

while the beamish and crawford brewery closed in 2009 , beamish stout is still brewed in the city , at a nearby heineken operated facility .

beamish and crawford

c k . is drinking a beamish red irish ale by beamish & crawford plc .
jake h . is drinking a beamish red irish ale by beamish & crawford plc .
leo l . is drinking a beamish red irish ale by beamish & crawford plc .
dave o . is drinking a beamish red irish ale by beamish & crawford plc . at the oval
john s . is drinking a beamish red irish ale by beamish & crawford plc . at the folkhouse
however , by the mid - 1830s , guinness overtook beamish and crawford in volume terms .
now the story of cork brewery beamish and crawford has been chronicled in detail by historian brothers donal and diarmuid ó drisceoil .
elders ixl ( now foster ' s brewing group ) purchased canadian breweries , including beamish & crawford .
demolition crews have begun work in demolishing and removing the remains of the old beamish and crawford site on cork ' s south main street .
the beamish and crawford cooperage in 1900 . the brewery was once the biggest in the country , producing more stout than guinness
by 1799 , beamish and crawford had taken over the business and at the height of production , it was making more stout than guinness and was exporting to australia , the us and caribbean .
cork city council is poised to compulsorily acquire the former beamish and crawford brewery site in cork using powers under the derelict sites act .
donal ó drisceoil outlined the origins of beamish and crawford : “in 1791 , two successful merchants , william beamish from cork , who had fought in the american wars , and william crawford , who came from bangor , co down , entered into a partnership with two cork brewers , richard barrett and digby o’brien .
the authors go on to tell how beamish and crawford took over one of its cork rivals , lane’s , while murphy’s took over another cork brewery , arnott’s , resulting in a cork duopoly that lasted until beamish and crawford was taken over by murphy’s parent , heineken ireland , in 2009 .
beamish & crawford – the history of an irish brewery , is published by the collins press , priced €29 . 99 .
the beamish & crawford brewery itself is another recognisable landmark in cork , especially its distinctive mock tudor - fronted office building , ‘the counting house’ . this was designed in 1919 by the architectural firm of chillingworth & levie . it became the iconic face of the beamish & crawford brewery in cork and has been described as “an important part of the architectural legacy of the beamish & crawford families to the city” .
alf smiddy , chairman and managing director , beamish & crawford said as the deal will take some months to complete the impact on the business was unclear .
the entrance to the office of the former beamish & crawford stables on bishop street is a fine example of the use of native limestone and sandstone in cork architecture . a tannery and a salt & lime works occupied the site before the beamish & crawford brewery took it over . it now houses an enterprise centre .
beamish & crawford is located on south main street in cork city centre and is the oldest operating brewery in ireland . it began trading there in the 1690s .
beamish and crawford : the history of an irish brewery tells not only the story of stout brewing in cork but the families behind the venture and their interesting offspring , including one carin beamish , who married no less a figure than leading nazi hermann goering .
founded in 1792 , the brewery of william beamish and william crawford was established on a site near the southgate bridge in cork , where beer was brewed since the 1500s .
it is one of several incredible insights into the beamish and crawford brewery , which has been a part of the cork city landscape since 1792 , and which was the first to produce stout and porter on a large scale .
the patronage of william crawford junior helped the arts scene in cork to flourish in the 19th century , and artists like john hogan , ireland’s greatest neo - classical sculptor , owed much of his success to the support of crawford and fellow patrons . hogan’s sculpture of william crawford junior is displayed in the crawford art gallery . hogan also carved the monument to brewery co - founder william beamish in st michael’s church on church road in blackrock , cork .
it is vital now that investment in the beamish brands , particularly beamish stout , continues and that the brand is developed to its full potential .
many thanks must go to beamish and the brewery history society for such a fabulous trip .
this book is also a broader history of brewing in cork , featuring accounts and images of long - forgotten concerns such as the st finbarre’s and southgate breweries , and of the remarkable beamish and crawford families , who left an indelible mark on cork’s cultural , political and physical landscape .
beamish and crawford went on to take over rival cork brewery , lane’s , while murphy’s took over another cork brewery , arnott’s , to create two major city - based breweries .
the axe fell on cork ' s beamish & crawford with the loss of 120 jobs after corporate consolidation put paid to a brewery that survived uprisings , famine , wars and depressions .
in 1850 , the old custom house at emmet place became the cork school of design . in the early 1880s william horatio crawford funded its extension and donated many works of art to the new school that was opened officially in 1885 and re - named the crawford school of art . in 1979 , the school of art transferred to the former technical college that had been endowed by william horatio’s cousin , arthur frederick sharman crawford , near st fin barre’s cathedral , and the crawford school of art became the crawford art gallery .
the business of beamish & crawford in cork is a very old one dating as far back as the seventeenth century and it is said to be the most ancient porter brewery in ireland .
but back to the brewery , and the authors compellingly relate how beamish and crawford survived the vicissitudes of the temperance movement , the first world war and the war of independence before entering on to the international stage again through a series of multinational takeovers .
ireland’s worldwide reputation for stout was first established by beamish & crawford in cork – the first irish brewery to produce it on a large scale . the cork porter brewery was founded in 1792 by two successful merchants , william beamish and william crawford , together with two local brewers . it was ireland’s leading brewery until the 1830s and remained an integral part of cork’s economic and social life until the twenty - first century .
on thursday 26 february 2009 , chris marchbanks managed to get twelve members of the brewery history society to gather at the beamish and crawford brewery in cork to bear witness to what turned out to be the last ever brew of beamish at their south main street site .
netherlands - based heineken recently took over beamish & crawford ' s parent , scottish & newcastle , following which it said it would review both its operations in cork city .
the business partnership prospered and within fifteen years output at beamish & crawford had grown from 12 , 000 barrels per year to a phenomenal 100 , 000 barrels in 1805 , making it the largest brewery in the country and the third largest in britain and ireland .
donal and diarmuid ó drisceoil , who launched beamish & crawford — the history of an irish brewery in cork last night , said they were surprised to discover during their research that carin beamish , the great - great - granddaughter of brewery founder william beamish , married nazi hermann goering , who went on to become commander - in - chief of the luftwaffe .
after the party split up , mike bone , industrial archaeology guru , and i were left to enjoy cork for a further 18 hours . our next port of call being the city ' s crawford art gallery , founded by the original mr crawford of beamish and crawford way back in 1818 . and what a tremendous asset it is to the city , possibly one of the reasons cork was chosen as european capital of culture in 2005 , with some , mostly irish , top notch art .
owned by aylmer allen in 1715 then his son , edward allen . acquired by beamish & crawford 1791 . for many years the largest brewery in ireland until overtaken by guinness in 1838 .
diarmuid ó drisceoil said the brewery flourished during the french wars , when cork was a major provisioning centre for british fleets , and when o’brien was captured on a merchant ship by the french in 1794 and barrett withdrew from the business in 1799 , beamish and crawford took over the brewery .
diarmuid , who works full - time at historical research and writing , said beamish and crawford’s extensive company archive provided most of the information for their book . “with the support and co - operation of heineken , those company records that remained in the brewery were transferred to the cork city and county archives , ” he said .
beamish & crawford’s extensive company papers , some of which remained hidden for over 200 years , form the basis of this book – the most comprehensive history of an irish brewery published in one volume .
william crawford junior’s son , william horatio crawford ( 1812 - 1888 ) , had little interest in the brewing business , though he was sleeping partner in the firm . but he used his vast wealth and income from the brewery to indulge in his wide cultural interests and to generously support education , art and culture in the city .
but heineken last night said the integrity of the beamish stout brand would be protected .
the crawfords were also interesting , with william sharman crawford proving a patron of the arts in cork where the crawford art gallery today bears his name , while both families , although unionist , attended the funerals of martyred lord mayors tomás mac curtain and terence macswiney .
as a result of the deal , cork ' s beamish & crawford - which is owned by scottish & newcastle - will change hands . heineken ireland is based in cork where it produces murphy ' s stout , heineken and amstel .
the company said that the closure will result in the loss of approximately 120 jobs , while a further 40 will transfer from beamish & crawford to lady ' s well , where heineken produces its lager brand and murphy ' s stout .
william crawford junior ( 1788 - 1840 ) , son of brewery co - founder william crawford ( 1757 - 1834 ) , was a patron of the cork society for the promotion of the fine arts in the early 1800s . like his father and his father’s business partner william beamish , he was a patron of the royal cork institution , founded in 1803 , which had an extensive library and promoted adult education in the city through short courses and lectures .
the removal men had already commenced work and after gathering in the old board room we proceeded to a room stacked with beamish and crawford memorabilia - old advertising signs , boards and mirrors , fantastic gallon jugs with unique pictorials , glasses , decanters , old measures and piles of old , extremely valuable , brewing and distilling manuals and books . most poignant of all perhaps , being the pile of former chairman portraits which would have once taken pride of place .
ireland ' s oldest brewery is to close with the loss of around 120 jobs . heineken ireland this evening announced that it intends closing beamish & crawford in cork city and relocating its operations to the multi - national ' s nearby lady ' s well brewery .
the book , which is published by the collins press , isn’t just a history of the south main street brewery , soon to become home to cork’s event centre : it also tells the stories of some of the fascinating members of the beamish and crawford families .
blond ale . brewed from lager malt , maize and continental and british hops .
the ó drisceoil brothers have form in cork history : they also wrote serving a city : t he story of cork’s english market , and the beamish and crawford history is a logical follow - on from their 1997 book the murphy’s story : t he history of lady’s well brewery , about cork’s other brewery .
another brewery director , north ludlow beamish , was a key mover in the successful campaign to establish the university in cork in 1849 and his son , north ludlow axel beamish , served for many years as chairman of the cork carnegie library committee .
the next morning , we partially explored some of the other breweries beamish had acquired over the years , lane ' s on the waterfront is now a car park with hardly any original features left , and arnott ' s further inland is now the site of the ' crawford institute of art and design ' - this site bought and redeveloped at the turn of the last century ; mike imagined the wry smile on sharman crawford ' s face when the institute was opened where a competitor once stood .
poet and writer john augustus shea , born in cork in 1802 , worked as a clerk in beamish & crawford , as did the novelist and playwright e temple thurston , whose family moved to cork in 1901 . many more recent figures from the worlds of art and entertainment also served their time at the brewery , such as the celebrated cork actor and comedian billa o’connell , pictured , the acclaimed traditional fiddler johnny mccarthy and the renowned photographer , david creedon .
in the 1930s beamish began a process of modernising and refurbishing the principal beamish public houses across the city , and giving them distinctive names such as the black lion , the cork arms and , in 1939 , the jewel in the crown , the swan and cygnet at 125 patrick’s street . the architects chillingworth and levie oversaw the refurbishment , and four watercolours by rising cork artist patrick stevenson adorned the walls of the stylish interior , which is still remembered fondly in cork .
arthur frederick , also a brewery director , had purchased the former arnott’s brewery premises on fitton street following its closure in 1901 . he donated it to the city for the building of a new technical college , which was officially opened as the sharman crawford municipal technical institute in 1912 . the corporation renamed fitton street , on which the ‘tech’ was located , sharman crawford street in his honour . as well as providing the premises , arthur frederick contributed to the cost of equipping the college and provided annual scholarships for students there and at the city’s school of art . the crawford school of art moved into the building in 1979 ; it is now the crawford college of art and design .
since heineken first announced its plans to take over beamish from scottish and newcastle last year , it was at pains to stress it would not change the position of beamish stout in the market . however , the brewer appears to have demoted the cork product .
richard beamish ( 1798 - 1873 ) , son of brewery founder william beamish , wrote a biography of the celebrated engineer , marc isambard brunel , with whom he had worked on various projects , including the thames tunnel . beamish also worked with his son , isambard kingdom brunel , on other high - profile engineering schemes .
. beamish stout is far harder to find than its main irish rivals , despite being under globalist control .
“carin was the great - great - granddaughter of william beamish and her mother was swedish – she met goering in sweden in 1920 and they married and settled in munich , where she joined the nazi party and she helped goering escape after the failed beer hall putsch , ” said donal .
heineken had been given the go - ahead to takeover beamish on october 3 last . the decision to shut the beamish brewery came as operating profits at the cork brewery slumped by 55pc in 2007 to €2 . 8m .
deputy lynch said
the writing was on the wall
for the beamish plant from when the competition authority ( ca ) sanctioned the heineken takeover of beamish - - a decision he described as
very surprising
.
declan farmer of heineken said , when beamish was owned by scottish & newcastle , it was its international stout offering and was operating in a number of markets .
beamish is no longer sold anywhere outside ireland because its new owners , heineken , are “focusing on the domestic market” .
reacting to the news , local siptu official , bill mulcahy , who represents many of the beamish & crawford workers , said he was disappointed that after weeks of talks with heineken on getting agreement on a redundancy deal that it did not contact the union with the news .
they conclude with reference to mike hannon’s award - winning 2009 elegiac documentary my beamish boy , in which one of the former beamish workers reminisced that the brewery was more than just a workplace or a business but was “the heart of cork” .
it was founded a year earlier when two leading merchants , william beamish from cork , and william crawford , from bangor , co down , joined forces with two cork brewers , richard barrett and digby o’brien , to set up the cork porter brewery on south main st . the first porter was brewed there on january 17 , 1792 and the business took off during the french wars when cork was a major provisioning centre for british fleets .
the dutch firm took a foothold in ireland through the purchase of beamish ' s century - old rivals , murphy ' s .
a total of 40 beamish workers will be transferred - - but heineken confirmed they will be making the remaining 120 staff redundant .
the location of beamish and crawford ' s brewery even bore this out , under the shadow of the elizabeth fort ; two empty gun ports seemed to be aimed at the brewery , a subtle reminder to get the brew right . although started in 1792 , ed reckoned brewing on the site could have gone on right back to when the danes ruled , and it faced one of the venerable roads that made up the city .
the brothers also discovered that carin’s first cousin , richard beamish , who was a director of the brewery in 1937 , met goering at karinhalle after writing to him explaining their connection . while at a luncheon at the air ministry , beamish spotted hitler standing in a doorway .
carlsberg and heineken say the approval of the european commission and other competition authorities will be required , and it is expected the deal will be completed in the second quarter .
“however , now beamish as a brand is to be focused in the domestic market . the focus is to drive the brand in the irish market north and south . the international strategy will come later . ”
we don ' t see any difficulty in having a second quality stout brand in our portfolio - - and we are actually very excited by the potential of beamish stout ,
one heineken spokesperson stressed .
stout . the draught version . served by mixed gas pressure . filtered and pasteurised . milk . burnt and malt aroma ; bitter / sourish taste with burnt and milk aromas ; bitter finish with burnt , coffee , charcoal and liquorice aromas . quite oily in texture and surprisingly sour . good roast malt character .
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red irish ale . brewed from pale ale , chocolate and crystal malts , and bog myrtle ( used instead of hops ) .
the historian brothers discovered that carin beamish , whose mother was swedish , met goering in sweden in 1920 . they married and settled in munich , where she joined the nazi party and helped an injured goering escape to austria after hitler’s failed 1923 coup attempt — the beer hall putsch .
new owners heineken had decided to concentrate their cork brewing activities at the lady ' s well brewery of murphy ' s and we had been invited over to view the beamish brewery one last time before its sad demise , 217 years after its founding in 1792 . good news for beamish lovers however , as the brand will continue to be brewed at the younger murphy ' s site .
carlsberg and heineken have agreed a joint cash bid of 800 pence sterling a share for scottish and newcastle ( s & n ) .
heineken boss gerrit van loo described the beamish closure decision as the most difficult faced by the dutch brewing giants since they first arrived on the irish market in 1983 .
we have genuinely made every effort to identify as many employment opportunities as possible for beamish staff . however , retaining two breweries is not sustainable and the loss of so many jobs remains a sad but unavoidable outcome ,
he said .
top names in the business , including rté’s john creedon , redfm’s neil prendeville , 96fm’s derry o’callaghan and trevor welch , as well as tv3’s paul byrne and mark cagney , all talk of the joy and excitement of working in cork pirate stations in the late 1970s and early 1980s .
chillingworth & levie also designed the brewery’s model public houses , including the landmark oval bar , across the road from the brewery on south main street , in 1918 . the architects houston & houston of london were responsible for another beamish & crawford - related landmark — the brewery’s stables on bishop street , near st fin barre’s cathedral , one of the finest examples of edwardian architecture in the city . the stables closed in the late 1930s and are now the site of a small business park .
it once was ireland’s biggest brewery , producing more stout than guinness and exporting it as far afield as australia , the united states and the caribbean .
ken foy and conor feehan armed undercover gardai will protect prince harry and meghan markle on their visit to dublin this week amid fears of an attack .
stout . can with a widget and mixed gas . filtered and pasteurised . malt and burnt aroma ; sweetish / bitterish taste with burnt and cream aromas ; bitterish finish with burnt and liquorice aromas . looks impressive , but almost flavourless . how do they make it so bland ? for people who drink with their eyes . it improved immensely when i topped it up with fes .
“the very first thing that heineken did when it took control of beamish was to stop its sale in spain and to offer only guinness . the guinness in spain is made in spain by heineken , who have a deal with guinness owners , diageo , for its production and distribution of that world - famous beer in the iberian market .
we then went on to see the modern brew hall and associated bottling and keg filling sections which had only been modified at great expense just 10 years previously . again this had echoes of home where the same thing had happened to courage ' s bristol brewery , where within 10 years of modernisation scottish and newcastle decided to close it down for its land value . clearly the moral of the story is not to get modernised ! amazingly both breweries were also original porter breweries , with bristol and london supplying ireland until beamish and its brethren switched to the black stuff .
the jolly roger , by sports broadcaster trevor welch — who began his career with radio caroline and southcoast — and his brother noel welch — who has worked in print , radio , and tv , primarily with the evening echo and the cork examiner for more than 40 years — and the irish independent ’s southern correspondent ralph riegel , recalls the glory days of pirate radio in cork .
the mahon point shopping centre is built on the former gardens of william horatio crawford at lakelands . a monkey - puzzle tree still stands tall near the ring - road that crosses the former gardens , the only vestige of the once great garden .
before completing our trip , which lasted over three hours , ray and paul enthralled us all with a technical talk about the virtues of a unique fermentation block system beamish employed . this was followed by a presentation to ed by jeff sechiari of bhs to thank him for his excellent tour . we were then wonderfully entertained at the nearby
wandering worker
( i couldn ' t hope to pronounce its gaelic name ) pub with great food and copious amounts of beamish . it certainly is true to say that the irish are tremendous hosts .
registered as a private company in 1895 and a public one in october 1901 .
mj ' s 1999
guide
gave it 2 . 5 of 4 stars and called it
chocolatey and the least dry among irish stouts in this style .
irish ale . export version . filtered and pasteurised . bread and malt aroma ; sweetish / bitter with biscuit , fruit and burnt aromas ; bitter finish with hop , burnt and toast aromas . much better than i expected . has a high level of malt bitterness . either it ' s changed or my memory is playing tricks again .
acquired by canadian breweries 1962 and became part of scottish & newcastle , then heineken .
pale lager . brewed from lager malt and german hallertau hops . bottom - fermented .
a later brewery director , richard henrik beamish , was also an avid gardener . as chairman of the public works committee of the corporation before the first world war , he oversaw the planting of trees on south mall and grand parade as well as the development of the gardens at fitzgerald’s park .
irish ale . served by mixed gas pressure . filtered and pasteurised . sherbert and milk aromas ; sweetish taste with fruit and biscuit aromas ; bitterish finish with malt and biscuit aromas . pretty bland . a little bit malty but almost no hop character . the beer that popularised
smooth
ales in britain . also brewed under licence in england .
l : jet black pour with a classic irish nitro stout head . thick and creamy .
specially commissioned and published by collins press , it is extensively illustrated with mostly unpublished material .
irish ale . brewed from pale malt , torrified wheat , crystal malt and roasted barley .
stout . the bottled version found in the british off - licences . filtered and pasteurised . cream , burnt , coffee and cream aroma ; sweetish / bitter taste with burnt , fruit , cream and liquorice aromas ; very bitter finish with burnt , hop , liquorice and black chocolate aromas . bottled guinness without its soul . surprisingly , still a worthwhile beer . lacks the sourness and complexity of the bottle - conditioned version . still packed with roast barley bitterness .
“maybe heineken can try to justify these price hikes to themselves but one thing is for sure : how can it cost €1 . 40 more a pint if they are making the guinness in spain with cheaper labour costs and relatively no shipping compared to the beamish , which was coming all the way from cork ? ”
the story of over two centuries of an iconic irish brewery and the people who worked there .
the brewery features in the noted breweries of great britain and ireland by alfred barnard published 1890 .
brewers and malsters guild of ireland founded ( or refounded ) in 1996 . an organisation representing the interests of micros and brewpubs . irish craft brewer a website devoted to irish craft beer . urltoken
strong ale . malty and hoppy , the brewery says . sounds like a burton to me .
t / f : very similar to the other irish dry stouts i ' ve tried . . . and very close to a guinness . smooth and creamy . great mouthfeel . taste is milder . . . roasted malts , some coffee and cocoa notes . inoffensive but nothing super exciting either .
dark amber ( they are often called
red ales
) in colour , relatively lightly hopped and with an amount of smokiness from roast barley . generally darker and less hoppy than english bitter .
donal , who lectures in history at ucc , was historical adviser to the film the wind that shakes the barley and is completing a history of media and literary censorship in ireland . he said this history of the brewery gives a unique insight into the business and the wealthy families who ran it .
william horatio crawford was a major funder of the building of the new st fin barre’s cathedral , and was also the principal benefactor of queen’s university , later ucc , from the 1870s . he supplied plants to the gardens , paid for the astronomical observatory named in his honour , provided the funds for a student residence and donated over 2 , 000 books to the library . following his death , his extensive library was sold at sotheby’s in london . his collection was so huge , the auction took 12 days to complete .
the site on south main st has planning permission for an events centre proposed by heineken and bam .
“he had her remains exhumed in sweden and reinterred there in a lavish funeral attended by hitler . ”
regency murder trial : phone , laptop and usb devices being analysed as part of inquiry . . .
this page lists all the breweries currently active in ireland and all the beers they brew . i have created a single page for the whole of ireland , both the republic and the north , for no other reason than the small number of breweries . and , of course , the common brewing tradition .
murphy and beamish followed guinness into the lager market , brewing a variety of foreign brands under licence . the names have come and gone with the changes of ownership , but the product has remained largely the same . they have been surprisingly successful in this section of the market , the only one where guinness has punched below its weight . their market share of only around 50 % - in what is an expanding sector - must be a worry .
stout . served by mixed gas pressure . filtered and pasteurised . nowadays served ridiculously cold . for those who can ' t take the minute amount of flavour still discernible at 5º c , they have
extra cold
. milk and burnt aroma ; bitter taste with burnt , fruit and cream aromas ; bitter finish with liquorice , burnt , toffee and cream aromas . not much aroma , but otherwise ok .
heineken was urged to maintain the integrity of the beamish stout brand - - one of ireland ' s most historic drink labels , as cork td ciaran lynch ( lab ) said the closure of the brewery was
desperately
sad for the city .
joined them in 1996 . a couple of other micros and a brewpub came and quickly disappeared again in the 1980 ' s . all the new brewereies have produced cask - conditioned beer on a regular basis .
export stout . filtered and pasteurised . the sort of guinness you find in the tropics . very nice .
, was also brewed occasionally in the early 1800’s . by 1840 it was a regular product and was called
as heineken , guinness owner diageo and scottish & newcastle were the three biggest players in the republic ' s beer market , the competition authority , which polices company take overs and mergers , had to approve the deal .
beeradvocate is a proud supporter of independent craft brewers . we encourage you to # seektheseal and drink independent beer .
the story in northern ireland has been much the same , where bass and guinness have long enjoyed a duopoly .
stout . brewed from roast barley , crystal malt , pale ale malt and british hops . fined with carrigeen moss
wheat beer . ingredients : pale malt , torrefied wheat , caramalt ; challenger , mount hood and cascade hops .
watney ' s pull out and sell murphy to taiscí stáit teoranta ( tst ) , the state rescue agency .
their fortunes have been revived in the last 15 years by sales outside their native country . keg kilkenny is a
must have
beer for fake irish pubs across europe . caffrey ' s started the fad for
smoothflow
ales in britain . both murphy and beamish now brew
red ales
, but their impact inside ireland has been minimal , where guinness brands still dominate .
onward around some rare industrial archaeology now rapidly disappearing , and back to the hotel to collect our bags and await the airport bus . luckily for us , right by the bus stop , was a ' james joyce ' registered pub called the dan lowrey tavern , replete with an original bar - back and old brewery signs including two external slate bass plaques and a huge bass mirror inside . the relief moulded james joyce sign denotes irish pubs with outstanding original interiors .
as part of the deal wherby carlsberg and heineken dismembered the twitching corpse of scottish & newcastle , heineken got their hands on both of the cork breweries . unsurprisingly , they immediately decided to close beamish . their stout is , for the moment , being brewed at the murphy ' s brewery . i don ' t expect it to last long . why would heineken promote two brands of irish stout ?
their book tells the story of more than two centuries of cork’s most important brewery and the people who worked there .
donal said : “he had her remains exhumed in sweden and reinterred there in a lavish funeral attended by hitler . ”
golden ales with a proportion of wheat in the grist . a recent innovation , brewed exclusively by micros and brewpubs .
sources : 1857 - 1922 reports of commissioners of inland revenue and of customs and excise , and trade and navigation . ( via
the brewers ' almanack 1928
) 1936 - 1953 brewers ' almanack 1955 , p . 107 - 110 1954 - 1959 brewers ' almanack 1962 , p . 107 - 108 notes : up to 1881 , calculated according to the quantities of malt and sugar used 1884 - 1895 , 1913 standard barrels charged with beer duty 1900 - 1922 the number of bulk barrels upon which duty was paid during the year . 1 barrel = 163 . 656 litres .
in 1796 guinness brewed two beers : ale and porter . in 1799 the ale was dropped . in 1801 they introduced
german - style wheat beer . brewed from pale malt , wheat malt ; galena , chinook and hallertäu perle hops .
summer 2004 interbrew announced that they wanted to sell the brewery . they had no takers and it closed in 2005 .
o : another dry irish stout . very good fresh and on - tap . . . and virtually indistinguishable from the other big - boy players in the style . maybe an ooch sweeter . . . maybe ? not a bad pint .
bristol ' s brass industry is of national significance , from the birth of the industrial revolution , through the slave trade ( with guinea goods ) and up to modern times , and i wondered if one of these coppers - ed has since contacted me to say that each copper had a capacity of about 390 barrels or 14 , 040 gallons - could be rescued and built into the new museum of bristol . the copper would make a stunning centrepiece to a brass industry display and it could easily lead on to other major parts of bristol ' s past , such as brewing and pub life . as you can see in this article , the influence of brewing runs throughout cork and the same is true for bristol .
diarmuid hurley is from ireland but lives in madrid . “i occasionally visit the irish bars in madrid , the majority of which are in a heineken - owned franchise where guinness is the irish stout . there were , however , well over a dozen independent bars which served beamish in great quantities .
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) closed in 1949 and by the mid - 1960 ' s they had rounded up the last few stray ale breweries .
guinness’s brewery in the irish economy 1759 - 1876
, patrick lynch and john vaizey , pages 150 - 151 .
pale lager , brewed from lager malt , cara malt , torrified wheat ; galena , nugget , perle and hersbrucker hops .
donal ó drisceoil lectures in history at university college cork . his books include censorship in ireland 1939 - 45 ( 1996 ) and peadar o ' donnell ( 2001 ) . historical advisor to the film the wind that shakes the barley , he is completing a history of media and literary censorship in ireland . diarmuid ó drisceoil , works full - time at historical research and writing . his books include douglas golf club centenary history 1909 - 2009 ( 2009 ) and with donal ó drisceoil serving a city - the story of cork s english market ( 2005 ) , and fifty years have flown - the history of cork airport ( 2011 ) .
“it left an indelible mark on cork’s economy , as well as its social , cultural and political landscape , ” he said .
. excuse me if i have omitted some of the many variations guinness produce of their 3 basic products - bottled guinness , draught guinness and foreign extra stout . the company seems perversely determined to destroy a product and a business developed over more than two centuries .
donal o drisceoil lectures in history at university college cork . his books include censorship in ireland 1939 - 45 ( 1996 ) and peadar o ' donnell ( 2001 ) . historical advisor to the film the wind that shakes the barley , he is completing a history of media and literary censorship in ireland . diarmuid o drisceoil , works full - time at historical research and writing . his books include douglas golf club centenary history 1909 - 2009 ( 2009 ) and with donal o drisceoil serving a city - the story of cork ' s english market ( 2005 ) , and fifty years have flown - the history of cork airport ( 2011 ) . show more
nearly half of the members of the bhs group were former brewers and the tour was conducted by ed hinchy who had a wealth of knowledge to complement that of the party from britain . a few of the members carried their trusty copies of ' barnard ' - the victorian brewing bible that featured beamish in its volume 2 . with a superbly detailed map of the brewery dated to just before barnard ' s visit , and with original brewery pictures that barnard had used for his engravings , we were able to get an idea of the site ' s layout before being shown around .
denmark ' s carlsberg and amsterdam - based heineken said they had agreed a deal recommended by s & n which valued britain ' s biggest brewer and the world ' s sixth - largest beer maker at £7 . 8 billion sterling ( €10 . 4 billion ) .
“she died in sweden in 1931 from tuberculosis and goering called his country house outside berlin carinhall in her memory , ” he added .
ian begley drug dealers are using social media giant facebook to sell prescription drugs including painkillers , opioids and powerful sedatives to irish customers .
irish ale . filtered and pasteurised . bitterness : 23 ebu colour : 24 ebc . also brewed in holland . introduced in 1995 .
all the while ed our host answered all questions with aplomb and showed us parts of the brewery rarely accessed by anyone . this culminated in us being allowed right to the apex of the brewery , above the massive liquor tanks and alongside the brewery ' s wind sock !
heineken intends to acquire s & n ' s businesses in uk , ireland , portugal , finland , belgium , us , and india .
stout . a stronger draught beer sold in
irish
pubs across continental europe . served by mixed gas pressure . filtered and pasteurised .
barley wine . brewed from pale ale malt , crystal malt , torrified wheat ; fuggles , east kent golding , nugget and galena hops .
“in one bar in the centre of madrid , called dubliners , before the takeover they sold a pint of beamish for €4 . 10 then practically overnight , it was replaced by guinness at a hungry price of e5 . 50 a pint . likewise in other so - called irish bars they have hiked the guinness prices since the takeover .
in english , explain why you ' re giving this rating . your review must discuss the place ' s attributes and your overall impression in order to indicate that you have legitimately visited the place . nonconstructive reviews may be removed without notice and action may be taken on your account .
carin had suffered from tb for some time and died in sweden in 1931 . goering called his country house outside berlin karinhalle in her memory .
sources :
american handy book of brewing , malting and auxiliary trades
, by wahl & henius , chicago 1902 , page 825 . whitbread gravity book in the london metropolitan archive , document number lma / 4453 / d / 02 / 002 notes : abv and attenuation my calculation .
red irish ale . brewed from pale malt , crystal malt , wheat malt , chocolate malt ; galena , nugget and east kent goldings hops .
for decades the three large breweries ( guinness , murphy , beamish ) were happy to brew nothing but porter - style beers . there was a parallel world of quite small ale breweries which struggled along until the 1950 ' s . the remaining half dozen or so merged to form the imaginatively - named irish ale brewers , which guinness bought in 1965 .
ed was delighted when i told him about a major 1708 bristol privateering venture led by woodes rogers that called in to cork to replenish its supplies and change half of its crew ( whom rogers had found to be incompetent ) . this voyage famously brought back a spanish treasure ship and rescued alexander selkirk - defoe ' s model for robinson crusoe . coincidently the cruise was partially sponsored by bristol brewer and former lord mayor sir john hawkins .
in the years 1900 - 1916 a high proportion of beer brewed in ireland must have been the stronger stouts . the average original gravity hovered around 1065º . as a comparison , in england and wales it was 1051 - 1052º and in scotland only 1047 - 1049º . you can find the full details
less than 100 metres away , the heads of executed prisoners were displayed over the bridge on a metal spike - - in the 18th and 19th centuries .
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t grainy rye note and a hint of coffee or chocalate . i rye flavor is what i find interesting compared to guinness or murphy ' so stout .
was occasuionally brewed from 1806 onwards . after 1821 it was brewed regularly and became the mainstay of exports to england . around 1840 the name was changed to
brewpub . the beers are sold in both nitrokeg and cask - conditioned forms . the latter seem mostly intended for the uk ' s guest ale market .
pale lager . brewed from lager malt , torrified wheat ; galena , nugget , hallertau perle and hersbrücker hops . almost as good a name as grunhalle .
it is also situated next to one of the earliest crossings of the lee , not far from st finn barr ' s cathedral named after the man who had originally founded the city in the 6th century . burgage plots containing shops and ale houses originally fronted the street but these were absorbed into the brewery in the 1920s when offices and a boardroom were built in the tudor style . when doing this they didn ' t forget their history and incorporated one of the original old ale house lintels dated 1602 into the fireplace and laid out one of the massive mash tun floors to become a major welcoming feature to the building ' s lobby area .
in english , explain why you ' re giving this rating . your review must discuss the beer ' s attributes ( look , smell , taste , feel ) and your overall impression in order to indicate that you have legitimately tried the beer . nonconstructive reviews may be removed without notice and action may be taken on your account .
a strong export type of stout . dark and powerful . guinness foreign extra stout is a good example ( now i think about it , the only example ) .
microbrewery . founded 2009 by cuilan loughnane , brewer in messrs maguire and former brewer at dwan ' s . white gypsy is the brand of his shelta beer company .
the brewery was taken over by murphy’s parent company , heineken ireland , in 2009 , and closed its doors , bringing to an end its rich 217 - year history .
. in the early days a
keeping
version was brewed , which was matured longer and blended with fresh beer in the summer to maintain quality during warm weather .
porter . brewed from pale malt , flaked barley , roast barley , black malt , crystal malt ; galena , nugget and east kent goldings hops . your only man .
the reclamation of marshland , fortifications to make it a safe haven for merchant ships , victualling yards to support the growing british empire and supplies for the hazardous journeys across the world – and the provision of generous amounts of beer , gin and whiskey ( bristol had a distillery as well ) made them both popular places . in fact the bristol coat of arms is strikingly similar to that of cork ' s ; a sailing ship carried forth from a protective tower , in cork ' s case , two protective towers !
on our departure mike very kindly gave me his copy of colin rynne ' s excellent
the industrial archaeology of cork city and its environs
which really put flesh on the bones of my visit . to my amazement , the two massive victorian coppers that we ' d seen had been made by llewellyns and james of castle green , bristol .
currently owned by heineken international , who closed the brewery in 2009 and moved production to the heineken brewery ( previously murphy ' s ) . now just a beer marketing company .
keg ales made big inroads in stout ' s market share during the 1960 ' s and 1970 ' s , before being overtaken by lager as the drink of the moment .
the classic irish beer . also known as
extra stout
or
dry stout
. black , bitter and with a burnt note from the use of roasted barley .
microrewery adjacent to tig bhric pub . beers are available during the summer season only , at tig bhric in riasc , nr . ballyferriter and tigh uí chatháin in ballyferriter itself .
export stout . a version of foreign extra stout that is sold in belgium and holland . filtered and pasteurised . burnt , toffee , bread , chocolate , fruit and milk aromas . ; sweet / bitter / sourish taste with dates , burnt , toffee , liquorice and milk aromas ; very bitter finish with burnt , black toffee , cream , coffee , liquorice and fruit aromas . a big , beefy beer with a subtle touch of sourness . the sort of beer that bravely resists brewery conditioning and doesn ' t quite lose . i ' m lucky enough to have an off licence 100 yards from my house that sells it . it ' s a beer that always gets me into a 19th century mood . what a pathetic nostalgic i am . if i were to be granted one beer wish , it would be : a bottle - conditioned version of this beer . knowing the depth bottle - conditioning added to extra stout , i ' m certain an unfiltered export / foreign stout would be sensational . bet the useless gits never do it , but i can dream .