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The Adriatic-Danubian Bank ( sh, Jadransko-podunavska banka) was a significant commercial bank in the interwar Kingdom of Yugoslavia. At the time of the merger that formed it in 1924, it was the third-largest commercial bank in the country. It was liquidated in 1945, together with the entire Yugoslav commercial banking sector.
The Adriatic-Danubian Bank ( sh, Jadransko-podunavska banka) was a significant commercial bank in the interwar Kingdom of Yugoslavia. At the time of the merger that formed it in 1924, it was the third-largest commercial bank in the country. It was liquidated in 1945, together with the entire Yugoslav commercial banking sector.
Background
The Adriatic Bank ( hr, Jadranska banka) was founded in 1905 by a group of Slovene, Croatian and Serb individuals in Trieste, which at the time was part of Austria-Hungary. It soon developed a network of branches on theDalmatia
Dalmatia (; hr, Dalmacija ; it, Dalmazia; see #Name, names in other languages) is one of the four historical region, historical regions of Croatia, alongside Croatia proper, Slavonia, and Istria. Dalmatia is a narrow belt of the east shore of ...
n coast and dominated the region's banking market. In 1911–1913, it acquired the Croatian Religious Bank ( hr, Hrvatska vjeresijska banka, it, Banca Croata di Credito in Ragusa, est. 1902) in Dubrovnik, and also took over the Commercial Bank ( hr, Trgovačka obrtna banka) in Ljubljana.
Separately, the Danubian Joint-Stock Company ( sr, Podunavsko - Trgovačko Akcionarsko Društvo) was established in Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers a ...
in 1910 by the Serbian Bank in Zagreb
The Serbian Bank in Zagreb ( hr, Srpska banka u Zagrebu) was a medium-sized bank in the Kingdom of Hungary and then the Kingdom of Yugoslavia, established in 1895 and liquidated in 1945. It has been described as "the financial center of the Se ...
as its affiliate in the Kingdom of Serbia
The Kingdom of Serbia ( sr-cyr, Краљевина Србија, Kraljevina Srbija) was a country located in the Balkans which was created when the ruler of the Principality of Serbia, Milan I, was proclaimed king in 1882. Since 1817, the Princi ...
.
Following World War I, the Adriatic Bank's head office in Trieste and operations in Fiume, Abbazia, and Zara, as well as its branch in Vienna where it had relocated head office functions during the war, became an Italian bank ( it, Banca Adriatica), which eventually failed in 1924. The bank's operations in the newly formed Kingdom of Serbs, Croats and Slovenes, initially managed from Ljubljana, were reorganized in 1921 by the same shareholders as , headquartered in Belgrade.
Merger and aftermath
On , the Belgrade-based Adriatic Bank and Danubian Joint-Stock Company merged to form the Adriatic-Danubian Bank. Its first chairman wasVladimir Matijević
Vladimir Matijević ( sr-Cyrl, Владимир Матијевић; 3 August 1854 – 7 September 1929) was a Serbian businessman and philanthropist.
Biography
He was born in Kordun's Gornji Budački near Krnjak, at the time in Austria-Hungar ...
, also head of the Serbian Bank in Zagreb.
At that time, it had branches in Bled, Cavtat, Celje
)
, pushpin_map = Slovenia
, pushpin_label_position = left
, pushpin_map_caption = Location of the city of Celje in Slovenia
, coordinates =
, subdivision_type = Cou ...
, Dubrovnik, Herceg Novi, Jelsa, Korčula, Kotor, Kranj
Kranj (, german: Krainburg) is the third-largest city in Slovenia, with a population of 37,941 (2020). It is located approximately northwest of Ljubljana. The centre of the City Municipality of Kranj and of the traditional region of Upper Carniol ...
, Ljubljana, Maribor
Maribor ( , , , ; also known by other #Name, historical names) is the second-largest city in Slovenia and the largest city of the traditional region of Styria (Slovenia), Lower Styria. It is also the seat of the City Municipality of Maribor, th ...
, Metković, Prevalje, Sarajevo, Split, Šibenik, and Zagreb. The bank was severely impacted by the European banking crisis of 1931
The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on , Landesbank der Rheinprovinz on , and Danat-Bank on . It tri ...
, however, after which it closed all branches except that in Kotor. It further stagnated after Germany's invasion of Yugoslavia
The invasion of Yugoslavia, also known as the April War or Operation 25, or ''Projekt 25'' was a German-led attack on the Kingdom of Yugoslavia by the Axis powers which began on 6 April 1941 during World War II. The order for the invasion was p ...
in 1941.
See also
* Banca Adriatica * Banca dell'AdriaticoNotes
Banks established in 1905 Defunct banks of Yugoslavia Defunct banks of Croatia {{bank-stub