Rheinische Bank

The Rheinische Bank AG was a German credit institute based in Mülheim an der Ruhr , later in Essen .

It was created in 1897 from the Gustav Hanau banking house founded in 1833 and operated under the name Rheinische Bank vorm until 1900 . Gustav Hanau . The founding and headquarters were in Mülheim an der Ruhr. The bank had branches in Duisburg , Neuss and Meiderich .

The aim of the establishment was to create a financially strong bank to finance the local heavy industry . The founders were Gustav Hanau , his son Leo Hanau , August Thyssen , Victor Weidtman and the AG für Montanindustrie. The equity amounted to 5 million marks . The supervisory board was made up of prominent figures, for example August Thyssen as representative of Thyssen & Co. , Hugo Stinnes , Waldemar Mueller as representative of Dresdner Bank and Carl Roesch as representative of Gutehoffnungshütte .

In 1898 the company went public . In 1902 - five years after it was founded - the bank was on the verge of bankruptcy due to credit losses , which could only be averted by closely leaning towards Dresdner Bank. In 1905, the bank also formed an interest group with A. Schaaffhausen'schen Bankverein , took over its Essen branch and relocated its headquarters to Essen.

In 1915, the Rheinische Bank was merged into the Disconto-Gesellschaft , after it had already taken over A. Schaaffhausen'schen Bankverein a year earlier.