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Länderbank

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The Union Générale itself failed in a spectacular financial scandal in 1882, and the fledgling Länderbank was taken over by Austrian interests. It soon expanded to become a significant institution, financing Austrian industrial projects and the early development of the newly established neighboring
790:. That work has been described as Vienna's first modern office building. The Länderbank remained there from 1884 until 1938, after which the building became a German military facility. Following the merger with Mercurbank, the Länderbank moved into the former head office of 644:
The Länderbank was nationalized by law of 28 July 1946, in part to pre-empt impending confiscation by the Russian occupying forces as former German property. In the postwar period, it was widely viewed as belonging to the sphere of influence of the
306: 1202: 285:(49). By 1913, 31.4 percent of the Länderbank's capital was held by French and German shareholders, making it more internationalized than either the Creditanstalt (17.8 percent) or the Bankverein (18.3 percent). 877: 489:, of which it held 58 percent of the capital, was the ninth-largest private-sector bank in Poland. It also retained controlling interests in the Prague-based Commercial & Industrial Bank as well as the 661:. In 1956, the state floated 40 percent of its share capital for purchase by Austrian nationals. That same year, the Länderbank had 21 branches in Vienna and 12 in other Austrian cities, namely 736:(est. 1905, also known as Z-Bank) which at the time was both sounder and larger. In practice, that represented a takeover by the City of Vienna, led by Zentralsparkasse general manager 617: 600: 583: 510: 440: 409: 255: 196: 145: 74: 965: 901: 865: 913: 720:
led its recovery as chairman of its management board from 1981 to 1984, with the help of government subsidies. In 1985, it was the first Austrian bank to open an office in
318: 889: 467:. The French investors' support kept it strong enough to survive the crisis of 1929-1932 without Austrian government help, unlike most domestic banks including the 791: 476: 949: 566: 1507: 330: 483:. Even so, it had to suspend all dividend payments from 1930 to 1935. By 1936, 85 percent of the BPEC's business was made in Austria. That same year, the 1173:"L'impérialisme du pauvre : la politique économique du gouvernement français en Europe Centrale et Orientale de 1918 à 1929: Essai d'interprétation" 925: 1472: 937: 732:
In 1991, after facing renewed financial difficulty, the Länderbank, by then Austria's fourth-largest financial institution, merged with Vienna's
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Minderheiten und Mehrheiten in ihren Wechselbeziehungen im südöstlichen Mitteleuropa : Festschrift für Gerhard Seewann zum 65. Geburtstag
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in 1938, the Länderbank came under considerable financial and political pressure, and on 15 June 1938 agreed under duress to be acquired by
253:, of which it became the main financer in 1908. In 1910, it sponsored the creation of the Galician People's Bank for Agriculture and Trade ( 490: 1036: 777: 1329: 1531: 1347: 768: 646: 956: 850: 342: 1536: 21: 767:
The Länderbank had its first temporary offices in a commercial building at Löwelstrasse 18 (which later became the seat of the
379: 1365: 386:. On 22 January 1922, a vote of its General Meeting transferred the bank's head office and board of directors from Vienna to 468: 724:. The state's ownership stake was reduced to 51 percent in 1988, through a capital increase open to foreign investors. 1295: 658: 574: 1508:"The branch office of the "Laenderbank" in Prague, Eliscina Trida (Hybernergasse). Prague. Photograph around 1910" 281:
By 1912, its network had further expanded to 31 branches, more than the Creditanstalt (21) and second only to the
1203:"Chapter Five - The Mercurbank, the Länderbank Wien, and the Anschluss, 1933–1939: The Role of the Dresdner Bank" 1541: 1401: 654: 550: 1086: 238: 498: 176: 772: 64:), was a major Austrian bank, created in 1880. In 1922 its head office was moved to Paris under the name 737: 503: 559:. The new Länderbank had 33 branch offices in Vienna (36 after acquisition of the Austrian business of 288:
In 1914, the Länderbank's branches in Paris and London were confiscated immediately after the start of
1383: 628:). In subsequent years, most of the Länderbank's resources were used to finance the Nazi war effort. 165: 161: 181: 823:) 9, then in a purpose-built head office nearby at No. 4 of the same street, designed by architect 230: 824: 742: 565:
in 1939), in comparison to 24 for the rival Creditanstalt-Bankverein. Later in 1938 following the
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Army Service Forces Manual M360-5 / Civil Affairs Handbook Austria - Section 5: Money and Banking
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Building am Hof 2, head office of the Länderbank (1938-1991) then of Bank Austria (1991-2002)
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in 1903). Much of its activity remained connected with the city of Vienna led since 1897 by
120: 1416: 241:. By 1904 it had 15 branch locations in Vienna, 9 in the rest of the Empire, and 2 abroad ( 139: 752: 717: 713:. In 1976, the Länderbank again opened an office in London, followed by New York in 1977. 706: 621: 604: 587: 514: 444: 421: 413: 383: 267: 259: 200: 149: 78: 1137:
Bank Austria Creditanstalt: 150 Jahre österreichische Bankengeschichte im Zentrum Europas
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1913 advert for the Länderbank-sponsored Galician People's Bank for Agriculture and Trade
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intended it as a conservative Catholic project against the financial power of the Jewish
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The Länderbank was founded on 11 November 1880 as a part-owned subsidiary of Paris-based
1473:"A szép kapuk mestere – Jungfer Gyula alkotásai reprezentatív középületeinket díszítik" 716:
After the bank suffered from poor risk management in the late 1970s, future chancellor
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in Austria, the Länderbank was recapitalized by a group of French investors led by the
170: 229:. Together with the Bank of Hungarian Lands, it was involved in the foundation of the 1525: 1132: 1057:Érdek és érdektelenség: a bank-ipar viszony a századforduló Magyarországán, 1892-1913 982: 835: 808: 546: 472: 191: 108: 1258: 795: 748: 541:, a Vienna-based bank established in 1870 which had come under majority control of 429: 233:
in 1886-1888. It also developed a branch network in Austria-Hungary, starting with
124: 1491: 1436: 1242: 829: 553:'s Austrian subsidiary was simultaneously subsumed in the merged entity, renamed 194:. In 1881 it sponsored an affiliate in Hungary, the Bank of the Hungarian Lands ( 992: 783: 570: 375: 289: 250: 30: 636: 710: 578: 538: 358: 756: 678: 542: 534: 522: 128: 104: 1438:
Fromme's Oesterreichischer Handels- und Börsen-Kalender für das Jahr 1882
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Its former branch in Prague became the Commercial & Industrial Bank (
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Entrance on the head office designed by Otto Wagner on Hohenstaufengasse
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arrangement. It long remained Austria's second-largest bank behind the
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Fehlende Jahre. Die Orte und das Netzwerk der NS-Militärjustiz in Wien
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Building at Löwelstrasse 18, the Länderbank's first temporary offices
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Banca de Credit Român, the bank's Romanian affiliate in the 1930s
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Former head office of the BPEC at 12, rue de Castiglione in Paris
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Report on the Commercial and Industrial Situation in Hungary
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in 1926. In 1927, the Austrian branch changed its name from
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in 1948, and eventually merged in 1991 with Vienna's
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Colored glass ceiling, Hohenstaufengasse head office
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who subsequently chaired the merged entity, renamed
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The Rehabilitation of Austria 1945-1947, Volume III
390:, at 12 rue de Castiglione, and it was renamed the 1311:"Österreichische Länderbank Wien Herbstmesse 1956" 1207:Austrian Banks in the Period of National Socialism 1060:, Debrecen: Debrecen University Press, p. 171 782:in 1883–1884 on plans by famed Viennese architect 374:In the financial turmoil that followed the end of 264:Galizische Volksbank für Landwirtschaft und Handel 1081: 1079: 1077: 1075: 1073: 1071: 1069: 1067: 33:for Länderbank, its head office from 1884 to 1938 919:Former board room, Hohenstaufengasse head office 143:Ludwik Wodzicki (1834-1894), founding chairman ( 849:branch erected a prominent building in 1906 on 818: 802: 190:which led Austria-Hungary's largest bank, the 43:k. k. privilegierte Österreichische Länderbank 1490:UK Department of Overseas Trade (1921–1939), 943:detail of lamp, Hohenstaufengasse head office 895:Entrance lobby, Hohenstaufengasse head office 560: 272:Galicyjski Bank Ludowy dla rolnictwa i handlu 237:in 1894 in cooperative relationship with the 8: 1366:"HypoVereinsbank Agrees to Buy Bank Austria" 1113:Central European Economic and Social History 812: 554: 484: 462: 456: 433: 391: 216: 854: 792:Niederösterreichische Escompte-Gesellschaft 751:, until 1995. Bank Austria was acquired by 477:Niederösterreichische Escompte-Gesellschaft 88: 46: 1404:. Bundeskanzleramt und Datenschutzbehörde. 1126: 1124: 1122: 573:, it took over the former branches of the 1247:, Washington DC: U.S. Army Service Forces 1139:. Paul Zsolonay Verlag. pp. 253–267. 127:, which in turn has been a subsidiary of 1166: 1164: 1102: 1100: 907:Main hall, Hohenstaufengasse head office 755:in 2001, which in turn was purchased by 734:Zentralsparkasse und Kommerzialbank Wien 451:) in 1919, and moved its head office to 1294:U.S. Allied Commission Austria (1947), 1241:Federal Reserve Board (November 1943), 1004: 861: 302: 164:, first chaired by Galician aristocrat 115:. It was nationalized in 1946, renamed 1218: 1216: 801:The Länderbank's Hungarian affiliate, 98:Bank of the Central European Countries 1471:Ernő Tudós-Takács (20 January 2021). 1384:"A Bank Merger With the East in Mind" 1133:"Austrian banks in Poland up to 1948" 1012: 1010: 1008: 432:. Its Galician affiliate was renamed 59:Privileged Austrian Bank of the Lands 7: 491:Hungarian Discount and Exchange Bank 426:Banque du Commerce et de l’Industrie 393:Banque des Pays de l'Europe Centrale 221:), which however collapsed in 1887. 66:Banque des Pays de l'Europe Centrale 1328:Robert D. McFadden (10 June 1986). 1441:, Vienna: Carl Fromme, p. 158 769:Social Democratic Party of Austria 647:Social Democratic Party of Austria 14: 107:the latter came under control of 1131:Janusz Kaliński (January 2005). 1107:Susanne Wurm (7 February 2017). 964: 948: 936: 924: 912: 900: 888: 876: 864: 341: 329: 317: 305: 215:; sometimes also referred to as 577:in the South Moravian towns of 380:Banque de Paris et des Pays-Bas 84:Zentral-Europäische Länderbank 1: 1402:"1010 Wien, Hohenstaufeng. 3" 709:, as well as a subsidiary in 469:Allgemeine Bodencreditanstalt 458:Zentraleuropäische Länderbank 418:Bank für Handel und Industrie 117:Österreichische Länderbank AG 1209:, Cambridge University Press 1171:Georges Soutou (Fall 1976), 1087:"Österreichische Länderbank" 292:, as were its operations in 175:. Union Generale's promoter 1041:Revue d'Économie Financière 562:Società Italiana di Credito 16:Defunct large Austrian bank 1558: 1201:Gerald D. Feldman (2015), 786:, on the site of a former 549:in 1931. The Prague-based 464:Österreichische Länderbank 405:Banka pro obchod a průmysl 1532:Banks established in 1880 1456:. In Vitári Zsolt (ed.). 1415:Walter Manoschek (2011), 1177:Relations Internationales 957:Náměstí Republiky, Prague 486:Powszechny Bank Kredytowy 435:Powszechny Bank Kredytowy 1537:Defunct banks of Austria 1496:, H.M. Stationery Office 955:Former branch office on 853:, more recently branded 655:Creditanstalt-Bankverein 659:Austrian People's Party 575:Böhmische Escompte-Bank 428:), chaired by diplomat 1452:Klaus Loderer (2009). 1424:, University of Vienna 855: 819: 813: 807:), was established in 803: 771:). It erected its own 657:, associated with the 641: 625: 608: 591: 561: 555: 518: 485: 463: 457: 448: 434: 425: 417: 404: 392: 382:, in liaison with the 371: 363: 271: 263: 217: 212: 204: 157: 153: 82: 34: 1277:"Überblick 1938-1945" 1224:"Überblick 1918-1938" 1151:"Überblick 1914-1918" 1035:Jean-Marie Thiveaud, 1018:"Überblick 1855-1914" 804:Ungarische Landesbank 639: 519:Rumänische Kreditbank 499:Banca de Credit Român 449:Allgemeine Kreditbank 369: 361: 218:Ungarische Landesbank 205:Ungarische Länderbank 142: 41:, full original name 24: 1354:. 28 September 2016. 1263:Wien Geschichte Wiki 1091:Wien Geschichte Wiki 245:opened in 1890, and 239:Böhmische Union Bank 213:Magyar Országos Bank 1460:. pp. 447–448. 1054:Béla Tomka (1999), 632:Postwar development 533:Following the Nazi 231:Banque de Salonique 177:Paul Eugène Bontoux 156:) of the Länderbank 834:with metalwork by 738:René Alfons Haiden 642: 556:Länderbank Wien AG 551:Živnostenská Banka 372: 364: 274:) in Lemberg, now 158: 57:Imperial and Royal 35: 988:Wiener Bankverein 851:Náměstí Republiky 845:The Länderbank's 840:Wiener Bankverein 481:Wiener Bankverein 283:Wiener Bankverein 225:countries in the 188:Rothschild family 1549: 1516: 1515: 1504: 1498: 1497: 1487: 1481: 1480: 1468: 1462: 1461: 1449: 1443: 1442: 1432: 1426: 1425: 1423: 1412: 1406: 1405: 1398: 1392: 1391: 1380: 1374: 1373: 1362: 1356: 1355: 1344: 1338: 1337: 1325: 1319: 1318: 1307: 1301: 1300: 1291: 1285: 1284: 1273: 1267: 1266: 1255: 1249: 1248: 1238: 1232: 1231: 1220: 1211: 1210: 1198: 1192: 1191: 1168: 1159: 1158: 1147: 1141: 1140: 1128: 1117: 1116: 1104: 1095: 1094: 1083: 1062: 1061: 1051: 1045: 1044: 1032: 1026: 1025: 1014: 968: 952: 940: 928: 916: 904: 892: 880: 868: 858: 833: 822: 816: 806: 781: 746: 649:under Austria's 620: 603: 586: 564: 558: 513: 507: 488: 466: 460: 443: 437: 412: 395: 348:War poster, 1918 345: 336:War poster, 1917 333: 324:War poster, 1916 321: 309: 258: 220: 199: 185: 174: 148: 121:Zentralsparkasse 102: 99: 96: 93: 90: 77: 63: 60: 54: 51: 48: 25:The building in 1557: 1556: 1552: 1551: 1550: 1548: 1547: 1546: 1542:UniCredit Group 1522: 1521: 1520: 1519: 1506: 1505: 1501: 1489: 1488: 1484: 1470: 1469: 1465: 1451: 1450: 1446: 1434: 1433: 1429: 1421: 1414: 1413: 1409: 1400: 1399: 1395: 1390:. 13 June 2015. 1382: 1381: 1377: 1372:. 24 July 2000. 1364: 1363: 1359: 1346: 1345: 1341: 1327: 1326: 1322: 1309: 1308: 1304: 1293: 1292: 1288: 1275: 1274: 1270: 1257: 1256: 1252: 1240: 1239: 1235: 1222: 1221: 1214: 1200: 1199: 1195: 1170: 1169: 1162: 1149: 1148: 1144: 1130: 1129: 1120: 1106: 1105: 1098: 1085: 1084: 1065: 1053: 1052: 1048: 1034: 1033: 1029: 1016: 1015: 1006: 1001: 979: 972: 969: 960: 953: 944: 941: 932: 929: 920: 917: 908: 905: 896: 893: 884: 881: 872: 869: 827: 811:, initially at 775: 765: 753:HypoVereinsbank 740: 730: 718:Franz Vranitzky 707:Wiener Neustadt 634: 616: 599: 582: 567:Nazi annexation 531: 509: 501: 439: 408: 384:Bank of England 356: 354:Interwar period 349: 346: 337: 334: 325: 322: 313: 310: 254: 195: 179: 168: 166:Ludwik Wodzicki 144: 137: 113:Länderbank Wien 100: 97: 94: 91: 73: 61: 55: 52: 49: 17: 12: 11: 5: 1555: 1553: 1545: 1544: 1539: 1534: 1524: 1523: 1518: 1517: 1499: 1482: 1463: 1444: 1427: 1407: 1393: 1388:Deutsche Welle 1375: 1370:New York Times 1357: 1339: 1334:New York Times 1320: 1302: 1286: 1268: 1250: 1233: 1212: 1193: 1160: 1142: 1118: 1096: 1063: 1046: 1027: 1003: 1002: 1000: 997: 996: 995: 990: 985: 978: 975: 974: 973: 970: 963: 961: 954: 947: 945: 942: 935: 933: 930: 923: 921: 918: 911: 909: 906: 899: 897: 894: 887: 885: 882: 875: 873: 870: 863: 856:Konektor Place 764: 761: 729: 726: 683:Klosterneuburg 663:Baden bei Wien 633: 630: 530: 527: 355: 352: 351: 350: 347: 340: 338: 335: 328: 326: 323: 316: 314: 311: 304: 162:Union Générale 136: 133: 15: 13: 10: 9: 6: 4: 3: 2: 1554: 1543: 1540: 1538: 1535: 1533: 1530: 1529: 1527: 1513: 1509: 1503: 1500: 1495: 1494: 1486: 1483: 1478: 1474: 1467: 1464: 1459: 1455: 1448: 1445: 1440: 1439: 1435:J. Michalek, 1431: 1428: 1420: 1419: 1411: 1408: 1403: 1397: 1394: 1389: 1385: 1379: 1376: 1371: 1367: 1361: 1358: 1353: 1349: 1343: 1340: 1335: 1331: 1324: 1321: 1316: 1312: 1306: 1303: 1299: 1298: 1290: 1287: 1282: 1278: 1272: 1269: 1264: 1260: 1254: 1251: 1246: 1245: 1237: 1234: 1229: 1225: 1219: 1217: 1213: 1208: 1204: 1197: 1194: 1190: 1186: 1182: 1178: 1174: 1167: 1165: 1161: 1156: 1152: 1146: 1143: 1138: 1134: 1127: 1125: 1123: 1119: 1114: 1110: 1103: 1101: 1097: 1092: 1088: 1082: 1080: 1078: 1076: 1074: 1072: 1070: 1068: 1064: 1059: 1058: 1050: 1047: 1042: 1038: 1031: 1028: 1023: 1019: 1013: 1011: 1009: 1005: 998: 994: 991: 989: 986: 984: 983:Creditanstalt 981: 980: 976: 967: 962: 958: 951: 946: 939: 934: 927: 922: 915: 910: 903: 898: 891: 886: 879: 874: 867: 862: 860: 857: 852: 848: 843: 841: 837: 836:Gyula Jungfer 831: 826: 821: 815: 810: 805: 799: 797: 793: 789: 785: 779: 774: 770: 762: 760: 758: 754: 750: 744: 739: 735: 727: 725: 723: 719: 714: 712: 708: 704: 700: 696: 692: 688: 684: 680: 676: 672: 668: 664: 660: 656: 652: 648: 638: 631: 629: 627: 623: 619: 614: 610: 606: 602: 597: 593: 589: 585: 580: 576: 572: 568: 563: 557: 552: 548: 547:Dresdner Bank 544: 540: 536: 528: 526: 524: 520: 516: 512: 505: 500: 496: 492: 487: 482: 478: 474: 473:Creditanstalt 470: 465: 459: 454: 450: 446: 442: 436: 431: 427: 423: 419: 415: 411: 406: 402: 397: 394: 389: 385: 381: 377: 368: 360: 353: 344: 339: 332: 327: 320: 315: 308: 303: 301: 299: 295: 291: 286: 284: 279: 277: 273: 269: 265: 261: 257: 252: 248: 244: 240: 236: 232: 228: 222: 219: 214: 210: 206: 202: 198: 193: 192:Creditanstalt 189: 183: 178: 172: 167: 163: 155: 151: 147: 141: 134: 132: 130: 126: 122: 118: 114: 110: 109:Dresdner Bank 106: 86: 85: 80: 76: 71: 67: 58: 44: 40: 32: 28: 23: 19: 1512:Getty Images 1511: 1502: 1492: 1485: 1476: 1466: 1457: 1447: 1437: 1430: 1417: 1410: 1396: 1387: 1378: 1369: 1360: 1351: 1342: 1333: 1323: 1314: 1305: 1296: 1289: 1281:Bank Austria 1280: 1271: 1262: 1259:"Mercurbank" 1253: 1243: 1236: 1228:Bank Austria 1227: 1206: 1196: 1180: 1176: 1155:Bank Austria 1154: 1145: 1136: 1112: 1090: 1056: 1049: 1040: 1030: 1022:Bank Austria 1021: 844: 825:Adolf Feszty 814:Palatingasse 800: 796:Bank Austria 766: 749:Bank Austria 731: 715: 695:Sankt Pölten 643: 532: 430:Jules Cambon 398: 373: 287: 280: 223: 159: 135:Habsburg era 131:since 2005. 125:Bank Austria 116: 112: 111:by the name 83: 69: 65: 42: 38: 36: 29:designed by 18: 993:Erste Group 828: [ 784:Otto Wagner 776: [ 773:head office 741: [ 640:Former logo 571:Sudetenland 502: [ 376:World War I 290:World War I 251:Karl Lueger 180: [ 169: [ 31:Otto Wagner 1526:Categories 820:Nador Utca 711:Eisenstadt 609:Nikolsburg 592:Lundenburg 539:Mercurbank 154:Gouverneur 39:Länderbank 763:Buildings 759:in 2005. 757:UniCredit 679:Innsbruck 618:‹See Tfd› 601:‹See Tfd› 584:‹See Tfd› 543:Danatbank 535:Anschluss 523:Bucharest 511:‹See Tfd› 441:‹See Tfd› 410:‹See Tfd› 256:‹See Tfd› 209:Hungarian 197:‹See Tfd› 146:‹See Tfd› 129:UniCredit 105:Anschluss 75:‹See Tfd› 1477:PestBuda 1189:45343634 977:See also 959:(center) 691:Salzburg 529:Nazi era 495:Budapest 123:to form 699:Villach 671:Bregenz 667:Bludenz 651:Proporz 596:Mikulov 579:Břeclav 569:of the 545:, then 298:Romania 227:Balkans 92:  50:  1352:Kurier 1187:  847:Prague 788:armory 728:Merger 622:German 613:Znojmo 611:) and 605:German 588:German 515:German 479:, and 453:Warsaw 445:German 422:French 414:German 294:Serbia 268:Polish 260:German 247:London 235:Prague 201:German 150:German 79:German 27:Vienna 1422:(PDF) 1185:JSTOR 999:Notes 832:] 817:(now 780:] 745:] 722:China 626:Znaim 521:) in 506:] 401:Czech 388:Paris 243:Paris 184:] 173:] 1315:eBay 1043:: 30 809:Pest 703:Wels 687:Linz 675:Graz 497:and 296:and 276:Lviv 89:lit. 70:BPEC 47:lit. 37:The 594:), 493:in 461:to 1528:: 1510:. 1475:. 1386:. 1368:. 1350:. 1332:. 1313:. 1279:. 1261:. 1226:. 1215:^ 1205:, 1179:, 1175:, 1163:^ 1153:. 1135:. 1121:^ 1111:. 1099:^ 1089:. 1066:^ 1039:, 1020:. 1007:^ 859:. 842:. 830:hu 798:. 778:de 743:de 705:, 701:, 697:, 693:, 689:, 685:, 681:, 677:, 673:, 669:, 665:, 624:: 607:: 590:: 525:. 517:: 504:ro 475:, 471:, 447:: 424:: 420:, 416:: 407:, 403:: 396:. 300:. 278:. 270:: 266:, 262:: 211:: 207:, 203:: 182:fr 171:pl 152:: 87:, 81:: 72:, 1514:. 1479:. 1336:. 1317:. 1283:. 1265:. 1230:. 1181:7 1157:. 1115:. 1093:. 1024:. 615:( 598:( 581:( 508:( 438:( 101:' 95:' 68:( 62:' 53:' 45:(

Index


Vienna
Otto Wagner
Imperial and Royal
‹See Tfd›
German
Anschluss
Dresdner Bank
Zentralsparkasse
Bank Austria
UniCredit

‹See Tfd›
German
Union Générale
Ludwik Wodzicki
pl
Paul Eugène Bontoux
fr
Rothschild family
Creditanstalt
‹See Tfd›
German
Hungarian
Balkans
Banque de Salonique
Prague
Böhmische Union Bank
Paris
London

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