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Hungarian Discount And Exchange Bank
The Hungarian Discount and Exchange Bank ( hu, Magyar Leszámítoló és Pénzváltó Bank, MLPB, occasionally referred to simply as "Discount Bank") was a significant Hungarian bank, established in Budapest in 1869. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. Overview The MLPB was originally established as a Hungarian affiliate by the Vienna-based Niederösterreichische Escompte-Gesellschaft, which for that purpose took over the local private banking house of C.J. Malvieux. In 1881, it received further investment from a group of investors formed by Vienna's Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. It expanded into merchant banking in the 1870s and took over several major warehouses in the 1880s. Like other Hungarian universal banks, it took ownership stakes in major utilities and industrial companies. It also participated in the issuance of loans by the Hungarian state and the city of Budap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palazzo Dorottya
A palace is a grand residence, especially a royal residence, or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop. The word is derived from the Latin name palātium, for Palatine Hill in Rome which housed the Roman Empire, Imperial residences. Most European languages have a version of the term (''palais'', ''palazzo'', ''palacio'', etc.), and many use it for a wider range of buildings than English. In many parts of Europe, the equivalent term is also applied to large private houses in cities, especially of the aristocracy; often the term for a large country house is different. Many historic palaces are now put to other uses such as parliaments, museums, hotels, or office buildings. The word is also sometimes used to describe a lavishly ornate building used for public entertainment or exhibitions such as a movie palace. A palace is distinguished from a castle while the latter clearly is fortified or has the style of a fortification ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First National Savings Bank Of Pest
The First National Savings Bank of Pest (PHET) ( hu, Pesti Hazai Első Takarékpénztár), sometimes translated as ''First Domestic Savings Bank'' or referred to simply as ''First Savings Bank'', was a major Hungarian bank that was established in 1839–1840 and was eventually nationalized in 1948, together with its universal banking affiliate ''Hazai Bank'', established in 1895. It was one of the three largest banks in Hungary in the late 19th and early 20th centuries, together with the Hungarian Commercial Bank of Pest and the Hungarian General Credit Bank. History Creation and early development The decision to create the First Savings Bank was made by the Pest municipal authorities in 1839, following advocacy by prominent local figures such as András Fáy. It started operations on , initially in two small rooms of Pest County Hall. Lajos Kossuth and István Széchenyi were among its 326 original backers. In 1844 it was converted from an association to a joint-stock ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian National Bank
The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian State Bank, which introduced the Hungarian forint on 1 August 1946. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the forint, controlling the money in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. Operations The Governor of the Hungarian National Bank is appointed by the President of Hungary at the proposal of the Prime Minister for a six-year term. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austro-Hungarian Bank
The Austro-Hungarian Bank (german: Oesterreichisch-ungarische Bank, hu, Osztrák–Magyar Bank, cs, Rakousko-uherská banka, pl, Bank Austriacko-Węgierski, hr, Austro-Ugarska banka) was the central bank of the Habsburg Monarchy in the 19th and early 20th centuries. The institution was founded in 1816 as the privilegirte oesterreichische National-Bank (), and changed its name in 1878 as a delayed consequence of the Austro-Hungarian Compromise of 1867. It was liquidated in the financial turmoil folloiwng the collapse of the Habsburg Monarchy in late 1918, and was principally succeeded by the Oesterreichische Nationalbank in Vienna, the Hungarian National Bank in Budapest, and the National Bank of Czechoslovakia in Prague. Background The first note-issuing institution in the Habsburg Monarchy was the Municipal Bank of Vienna or , established in 1705. It started issuing banknotes in 1762, which were known as "Bancozettel". During the Napoleonic Wars, the imperial Austrian gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauthausen Concentration Camp
Mauthausen was a Nazi concentration camp on a hill above the market town of Mauthausen, Upper Austria, Mauthausen (roughly east of Linz), Upper Austria. It was the main camp of a group with List of subcamps of Mauthausen, nearly 100 further Subcamp (SS), subcamps located throughout Austria and southern Germany. The three Gusen concentration camps in and around the village of Sankt Georgen an der Gusen, St Georgen/Gusen, just a few kilometres from Mauthausen, held a significant proportion of prisoners within the camp complex, at times exceeding the number of prisoners at the Mauthausen main camp. The Mauthausen main camp operated from 8 August 1938, several months after the German annexation of Austria, to 5 May 1945, when it was liberated by the United States Army. Starting with the camp at Mauthausen, the number of subcamps expanded over time. In January 1945, the camps contained roughly 85,000 inmates. As at other Nazi concentration camps, the inmates at Mauthausen and it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Länderbank
The Länderbank, full original name k. k. privilegierte Österreichische Länderbank () was a major Austrian bank, created in 1880. In 1922 its head office was moved to Paris under the name Banque des Pays de l'Europe Centrale (BPEC, german: Zentral-Europäische Länderbank, ), even though its activity remained overwhelmingly in the Austrian operations. After the 1938 Anschluss the latter came under control of Dresdner Bank by the name Länderbank Wien. It was nationalized in 1946, renamed Österreichische Länderbank AG in 1948, and eventually merged in 1991 with Vienna's Zentralsparkasse to form Bank Austria, which in turn has been a subsidiary of UniCredit since 2005. Habsburg era The Länderbank was founded on as a part-owned subsidiary of Paris-based Union Générale, first chaired by Galician aristocrat . Union Generale's promoter intended it as a conservative Catholic project against the financial power of the Jewish Rothschild family which led Austria-Hungary's large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian General Credit Bank
The Hungarian General Credit Bank ( hu, Magyar Általános Hitelbank, MÁH, german: Ungarische Allgemeine Kreditbank, also known as Creditbank) was a major bank in Hungary, from its establishment in 1867 by the Rothschild family until its nationalization in 1948. History Background The Rothschild family was involved early on in financing operations in Hungary, including by providing a sixth of the equity capital for the construction of the iconic Széchenyi Chain Bridge and refinancing its cost overruns in the 1840s. In 1857, the Rothschild-sponsored Creditanstalt bank opened a branch in Pest. Austro-Hungarian era The Hungarian General Credit Bank had its shares first traded on the Vienna Stock Exchange on , ahead of its formal registration by the Hungarian Commercial and Exchange Court of Pest on . In 1871, it took over the local branch of Creditanstalt. In 1873, it received a mandate from the recently created finance ministry for a range of transactions, which made it e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Mortgage Credit Bank
The Hungarian Mortgage Credit Bank ( hu, Magyar Jelzálog-Hitelbank, occasionally referred to simply as "Mortgage Bank") was a significant Hungarian bank, founded in 1869 in Budapest. By 1913 it was the third-largest bank in the country by total assets, behind the Hungarian Commercial Bank of Pest and the First National Savings Bank of Pest. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. In 1881, it received further investment from a group of investors formed by Vienna's Unionbank (Austria), Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. The bank was long led by Hungarian statesman Kálmán Széll. The Mortgage Bank remained among the country's leading banks during the interwar period. Its chairman and CEO from 1918 to 1925 was . Its managing director from 1937 to 1944 was Imre Oltványi, who would become governor of the Hungarian National Bank in the imemdiate postwar era. See also * Austro-Hungarian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Commercial Bank Of Pest
The Hungarian Commercial Bank of Pest ( hu, Pesti Magyar Kereskedelmi Bank, PMKB, occasionally referred to simply as "Commercial Bank") was Hungary's first modern bank, established in 1840–1841. It was nationalized in the early Communist era and repurposed in 1950 as the Hungarian Trade Bank ( hu, Magyar Külkereskedelmi Bank, MKB), later known as MKB Bank. History Beginnings In 1830, a group of prominent merchants in Pest, Hungary, Pest, including Jewish traders such as Sámuel Wodianer and Izrael Baumgarten, gathered under the leadership of and applied for the establishment of a commercial bank. One of the arguments was that the Austro-Hungarian Bank, Austrian National Bank had not used its rights to open bank branches in the cities of Hungary; it was emphasized that the new institution would not abridge the rights of the Austrian National Bank. Following a very protracted approval process, the requested patent was eventually granted in 1838, and after further obstacles t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque De Paris Et Des Pays-Bas
The Banque de Paris et des Pays-Bas (“Bank of Paris and the Netherlands”), generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas. History Background In the early 1820s, Louis-Raphaël Bischoffsheim founded a private banking establishment in Amsterdam in his own name. His brother Jonathan-Raphaël created a branch in Antwerp in 1827 before settling in Brussels in 1836. Having married Henriette Goldschmidt, the daughter of Frankfurt banker Hayum-Salomon Goldschmidt, Louis-Raphaël Bischoffsheim established the Bischoffsheim, Goldschmidt & Cie bank in Paris in 1846, then in London in 1860. In 1863 he merged these banks into the (NCDB, "Dutch Credit and Deposit Bank"; french: Banque de Crédit et de Dépôt des Pays-Bas), which he had founded in Amsterdam: the Bischoffsheim family thereby established a powerful multinational banking conglomerate. Separately i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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