The Kurantbanken (also known as the københavnske Assignationsbanken, Vekselbanken or Laanebankbanken) was a Danish-Norwegian
private limited company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United St ...
set up in
Copenhagen
Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan ar ...
in 1736, when it received its royal ''oktroj'' or
charter. This charter gave it the right to issue banknotes as legal tender for the state (but not for other citizens) - these notes were to be fully convertible (for silver coin). In 1773 the bank was nationalized by the shareholders who received the bonds instead of shares.
Heinrich Carl von Schimmelmann was often consulted in financial matters. One result of this was the nationalization of the Bank of Copenhagen in March 1773, which came under the Tax Board, and thus under Schimmelmann's personal leadership.
Defunct banks of Denmark
Banks established in 1736
Danish companies established in 1736
Economic history of Denmark
{{Denmark-company-stub