Austrian Credit Institute

The Österreichische Credit-Institut AG (ÖCI) was an Austrian bank in the 20th century.

She was named K. k. privileged Austrian credit institute for transport companies and public works founded. The main objective was to finance infrastructure projects in Cisleithanien , the Austrian part of Austria-Hungary . After the end of the First World War in 1918, the bank was renamed the Austrian Credit Institute for Transport Companies and Public Works , and in 1919 the Austrian Credit Institute for Public Works and Works . From 1939 it was called the Mortgage and Credit Institute .

After the end of the Second World War , as a result of the first nationalization law in 1946 , it was transferred to federal property together with the Creditanstalt-Bankverein and the Länderbank . As a result, numerous bank-owned companies also fell to the state.

In the years between 1972 and 1975, the Länderbank continuously acquired all of the shares in the ÖCI. When the Länderbank merged with the Zentralsparkasse in 1990 , the ÖCI also fell to them. In 1991 the Girozentrale bought the bank. In the course of the merger in 1992, the new bank was renamed GiroCredit Bank AG der Sparkassen . In 1997 the bank merged with the Erste Österreichische Spar-Casse-Bank AG to form the Erste Bank der oesterreichischen Sparkassen .

Web links

• Austrian Credit Institute in the Vienna History Wiki of the City of Vienna
• Entry on the Austrian Credit Institute in the Austria Forum  (in the AEIOU Austria Lexicon )
• Early documents and newspaper articles on the Austrian Credit Institute in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .