Cooperative Bank Berlin

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Genossenschaftsbank Berlin (GBB)
legal form
founding 1950 (as Deutsche Bauernbank )
Reason for dissolution Takeover by DG-Bank
Seat Berlin , Germany
Number of employees 800
Branch Credit institution

The Genossenschaftsbank Berlin (GBB) was from 1990 a credit institute based in (East) Berlin .

history

prehistory

After the Second World War , the Soviet Military Administration in Germany ( SMAD ) ordered the closure of all banks in the Soviet Zone . By order No. 146 of the SMAD of November 20, 1945, the rural cooperatives were allowed to resume trading in rural goods and banking. The aim should also be “to introduce working individual farmers to socialist large-scale production via old forms of collective work”. In 1950 these were merged with the Associations of Mutual Farmers Aid ( VdgB ). The former Raiffeisen cooperatives were now called Bäuerliche Handelsgenossenschaften (BHG) and were integrated into the state-controlled economic policy. The Deutsche Bauernbank was founded in 1950 as the central institute for the credit and deposit business of the cooperatives . In 1968 it changed its name to the bank for agriculture and the food industry .

In the turn

With the beginning of the turning point , there was also a need for transformation in the area of ​​cooperative credit institutions. The de Maizière government decided to rename it to Genossenschaftsbank Berlin . The bank should be a public corporation and expand into a universal bank . The GDR's share capital was 250 million marks. The GDR was the sole capital holder. The legal basis was the statute of the Berlin Cooperative Bank of March 30, 1990. The task was to “promote the cooperative system and housing construction in rural areas as well as for the agriculture, forestry and food industry in all property issues”. After reunification , the Federal Republic of Germany became the sole capital holder with effect from October 3, 1990. With the ordinance amending the statutes of the Berlin cooperative bank and its conversion (GBBStatÄndV) , the name was changed to GBB Genossenschafts-Holding Berlin in November 1991 and the possibility of converting it into a stock corporation was created.

Since the bank had the same task as the DG-Bank in the west, it took over the business of GBB Genossenschafts-Holding Berlin. In return, GBB-Holding received 6.4% of the shares in DG-Bank and the DG-Bank paid a cash settlement of DM 120 million . The basis was the takeover and contribution agreement of September 10, 1990. Assets totaling DM 15,759 million and liabilities totaling DM 15,129 million were taken over. The 800 employees were also taken over by DG Bank.

The appropriateness of the purchase price and the treatment of the old debts of the bank's borrowers was the subject of parliamentary debates.

Individual evidence

  1. ↑ Marvin Brendel: “Twofold Adjustment. Credit cooperatives in the GDR and in the five new federal states ”, published in the BVR magazine“ Bankinformation ”, No. 5/2009, pp. 42–45
  2. ^ Statute of the Genossenschaftsbank Berlin (Annex to the order on the statute of the Genossenschaftsbank Berlin) of March 30, 1990 (Journal of the GDR 1990 I p. 252)
  3. ^ Roland Czada, Gerhard Lehmbruch (ed.): Transformation paths in East Germany: Contributions to the sectoral unification policy; Volume 32 of the Max Planck Institute for Social Research Cologne: Writings of the Max Planck Institute for Social Research, Cologne, 1998, ISBN 9783593358680 , p. 273, online
  4. ↑ Ordinance amending the statutes of the Genossenschaftsbank Berlin and their conversion (GBBStatÄndV) of November 15, 1991 ( Federal Law Gazette I p. 2123 )
  5. ↑ Answer of the Federal Government to the minor question from the MPs Dr. Gerald Thalheim, Dr. Uwe Küster, Christel Deichmann, Hans-Joachim Hacker, Manfred Hampel, Christel Hanewinckel, Stephan Hilsberg, Jelena Hoffmann (Chemnitz), Renate Jäger, Ilse Janz, Sabine Kaspereit, Marianne Klappert, Dr. Hans-Hinrich Knaape, Thomas Krüger, Konrad Kunick, Werner Labsch, Christine Lucyga, Winfried Mante, Markus Meckel, Christian Müller (Zittau), Gerhard Neumann (Gotha), Volker Neumann (Bramsche), Albrecht Papenroth, Otto Schily, Gisela Schröter, Dr. Mathias Schubert, Ilse Schumann, Richard Schuhmann (Delitzsch), Ernst Schwanhold, Rolf Schwanitz, Erika Simm, Wieland Sorge, Dr. Bodo Teichmann, Wolfgang Thierse, Reinhard Weis (Stendal), Gunter Weißgerber; in: German Bundestag: Printed matter 13/1081 of April 6, 1995, online