The Nationalbank für Deutschland (lit. 'National Bank for Germany') was a significant joint-stock bank in Germany, founded in 1881 and merged in 1922 with Darmstädter Bank to form Darmstädter und Nationalbank, in shorthand Danat-Bank.[1]
Overview
The Nationalbank für Deutschland was founded in 1881 in Berlin, with sponsors including the Commerz- und Disconto-Bank, Anglo-Austrian Bank, Vienna's newly established Länderbank, the latter's affiliate Ungarische Landesbank, and Breslauer Disconto-Bank Friedenthal & Co.[2]: 18–19 It was initially headquartered at Unter den Linden 2, then moved in 1884 to Voßstrasse 34, and in 1907 to Behrensstrasse 68-69 where it would remain until the 1922 merger. It developed a network of branches in Berlin and its region, reaching 29 locations by 1922.[citation needed]
The Nationalbank was involved, together with other German banks, in the creation of foreign-oriented ventures such as the Deutsch-Asiatische Bank in Shanghai (1889), and also participated in the restructuring of the former Banca di Genova as Credito Italiano in Rome (1895).[3]: 453
In the early 20th century, the Nationalbank für Deutschland attempted to expand into the Ottoman Empire which was increasingly under German influence. In 1904, together with the National Bank of Greece, it established the Banque d'Orient, but sold its shares the next year to France's Comptoir national d'escompte de Paris. In 1905–1906, it participated in the establishment of Berlin-based Deutsche Orientbank (together with Dresdner Bank and A. Schaaffhausen'scher Bankverein), in which it took a 31.25 percent share; the Orientbank in turn took over the branches of the Banque d'Orient in Hamburg and Constantinople.[4]: 72
In 1920, Nationalbank für Deutschland merged with the near-synonymous Deutsche Nationalbank, which had been founded in Bremen in 1871 and in 1906 had taken over the Nordwestdeutsche Bank AG.[5]
Its board members included Hjalmar Schacht from 1917 on, and Jakob Goldschmidt from 1918, both of which were also among the bank's influential shareholders.[citation needed]
See also
References
- ^ Manfred Pohl (1981), "Die Geschichte der Nationalbank für Deutschland", Bankhistorisches Archiv
- ^ Detlef Krause (2010), Commerzbank: Eine Zeitreise 1870-2010 (PDF), Dresden: Eugen-Gutmann-Gesellschaft
- ^ Jacob Riesser (1911), The German Great Banks and Their Concentration in connection with The Economic Development of Germany (PDF), Washington DC: National Monetary Commission
- ^ Monica Pohle Fraser (2016), East Meets West - Banking, Commerce and Investment in the Ottoman Empire, Routledge
- ^ "Deutsche Nationalbank". Landesamt für Denkmalpflege Bremen.
This page was last edited on 26 June 2024, at 07:09