Country bank
| Austrian country bank
|
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|---|---|
 |
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| legal form | Corporation |
| founding | 1880 |
| Seat | Vienna |
| Branch | Bank |
The countries Bank AG was an Austrian bank, which in 1990 through the merger with the Central Savings Bank in the Bank Austria opened.
Österreichische Länderbank AG was founded in 1880 as a subsidiary of a Parisian bank, from which it separated in 1882 and became an independent Austrian bank. Until 1927 it was called the Central European Länderbank and was renamed the Österreichische Länderbank. In 1938 the merger with the Merkurbank belonging to Dresdner Bank and the Vienna branch of Živnostenská banka to Länderbank Wien AG took place as a subsidiary of Dresdner Bank.
In the period that followed, the Länderbank was closely involved in the Nazi system and was particularly active in the Aryanization of Jewish companies. She also participated in the robbery of the Jews when they emigrated or were deported and murdered .
After 1945, the Länderbank was considered to be " close to the SPÖ " among the nationalized banks , and the (much larger) Creditanstalt Bankverein was included in the ÖVP . Well-known general directors of the house were Franz Ockermüller (1963–1976) and Wolfgang Erndl (1976–1981). Under the latter, the bank ran into difficulties in 1981 after the bankruptcies of the companies Eumig and Österreichische Klimatechnik GesmbH . However, the Länderbank was able to survive thanks to state subsidies, and the later Federal Chancellor Franz Vranitzky became its General Director . Ten years later, financial problems arose again. After further subsidies, it was merged with the Zentralsparkasse , which was majority owned by the City of Vienna, and was de facto taken over by the latter.
The head office of the bank was from 1884 to 1938 at Hohenstaufengasse 3 and then in the former main building of the Lower Austrian Escompte Society , Am Hof No. 2 in the first district of Vienna .
literature
- Alois Piperger: 100 Years of the Austrian Länderbank 1880–1980. Vienna 1980. (Festschrift)
Web links
- Länderbank in the Vienna History Wiki of the City of Vienna
Individual evidence
- ^ Harald Wixforth: The expansion of Dresdner Bank in Europe. Oldenbourg, Munich 2006, p. 27 ff. ( Online at Google books , accessed on March 21, 2013)
- ^ Gerhard A. Ritter : Obituary for Gerald D. Feldman (April 24, 1937– October 31, 2007 ). In: Geschichte und Gesellschaft , 34th year (2008), issue 1, pp. 129–150, here p. 147.
- ↑ See Wirtschaftsblatt July 17, 2007: In 1981 the Länderbank got into trouble due to the bankruptcies of Eumig, Klimatechnik and Funder. Länderbank boss Wolfgang Erndl was sent "into retirement". In 1990 the Länderbank hit the headlines again: Shortly after the acquisition of Sovereign Leasing, it turned out that the British company is heavily indebted - including at the Länderbank's London branch. Sovereign Leasing caused Länderbank a billion shillings loss in 1991. CEO Herbert Cordt had to leave, as did his colleagues Manfred Drennig and Konrad Rumpold