was the first mortgage credit institution in Denmark, founded by royal resolution on 1 March 1797. It merged with Byggeriets Realkreditfond (BRF) and was merged in 1975 to form what is now . Its headquarters was located at the corner of

Rådhuspladsen City Hall Square ( da, Rådhuspladsen, ) is a public square in the centre of Copenhagen, Denmark, located in front of the Copenhagen City Hall. Its large size, central location, and affiliation with the city hall makes it a popular venue for a ...

and

Lavendelstræde Lavendelstræde ( lit. "Lavender Street") is a street in the old town of Copenhagen, Denmark). It runs from Kattesundet- Hestemøllestræde in the northeast to Vester Voldgade in the west, linking Slutterigade and Nytorv and at Regnbuepladsen and ...

in Copenhagen from 1928.

History

Approximately one fourth of Copenhagen was destroyed in the Copenhagen Fire of 1795. Vast sums of money were needed to finance the rebuilding of the city. Financing was normally granted as personal loans without security. The maximum interest rate was at the same time fixed by law at 4%. Access to credit was consequently scarce. Creating was created to address these problems. It was created at the initiative of , professor and bookkeeper at

Kommercekollegiet Kommercekollegiet (The Board of Trade or The Trade Authority), also Kommercekollegium, was a central executive agency for commercial, marine and industrial affairs under the absolute monarchy of Denmark. It functioned with variations in scope and un ...

Ole Pedersen Holm. They created the first draft for the statutes in 1795. The institution was created by royal resolution 1 March 1797. The first general assembly was held on 8 April. The model was based on providing loans secured by a mortgage on real estate and with joint and several liability for the borrowers by issuing negotiable debt securities. A similar system had already been introduced in Germany in 1769. In 1889, relocated to a building in

Ny Vestergade Ny Vestergade ( lit. English: New West Street) is a street in central Copenhagen, Denmark. It runs from Frederiksholms Kanal to Vester Voldgade and together with Christiansborg's riding grounds, Marble Bridge and Dantes Plads forms an axis betwee ...

. The building was later demolished to make way for an expansion of the National Museum of Denmark. A new head office was constructed at the corner of

and City Hall Square. It was constructed in 1928 to designs by Einar Ambt. The building replaced four older properties. After Ambt's death, the construction was completed under the supervision of Georg Juul Brask. and Byggeriets Realkreditfond (BRF) merged in 1975 to form what is now BRFkredit.

References

External links

{{Commons category, Kreditkassen for Husejere i Kjøbenhavn 1797 establishments in Denmark Defunct financial services companies of Denmark