Saxon Landesbank
The Sächsische Landesbank was a credit institute in the Soviet Zone and GDR that existed from 1945 to 1950 .
After the Second World War , Germany was under the administration of the four victorious powers . In the Soviet occupation zone, work began quickly on converting the economic system in line with the socialist ideology of the Soviet Union . One key to managing the economy was having control over the banking system .
By order No. 10 of the SMAD of July 23, 1945 all private banks and insurance companies were closed. On August 14, 1945, the Saxon State Bank was founded by ordinance of the State Administration of Saxony . The task was to dissolve the existing banks and to take over the claims and liabilities. A total of 80 credit institutions with 179 branches were closed in Saxony and taken over by the Sächsische Landesbank. For example, the former union-owned bank of Deutsche Arbeit , the agricultural specialist bank “ Landständische Bank ” in Bautzen and many others were taken over.
After being renamed to Sächsische Landeskreditbank in the summer of 1947 , the bank was incorporated into the German Central Bank in 1950 .
President
- Carl Degenhardt (1945–1946)
- Richard Holland (1946–1948)
- Leon Löwenkopf (1948–1950)
Web links
- Inventory 21048 Sächsische Landesbank / Sächsische Landeskreditbank, Leipzig branch in the Leipzig State Archives
Individual evidence
- ^ Ordinance of the State Administration of Saxony on the establishment of the Saxon State Bank of August 14, 1945
- ^ Andreas Thüsing (Ed.): The Presidium of the State Administration of Saxony. The minutes of the meetings from July 9, 1945 to December 10, 1946 . Vandenhoeck & Ruprecht, Göttingen 2010, p. 506 (short biography).
- ^ Andreas Thüsing (Ed.): The Presidium of the State Administration of Saxony. The minutes of the meetings from July 9, 1945 to December 10, 1946 . Vandenhoeck & Ruprecht, Göttingen 2010, p. 522 f. (Short biography).