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Hungarian General Credit Bank

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on 24 August 1867, ahead of its formal registration by the Hungarian Commercial and Exchange Court of Pest on 15 September 1867. 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
192:, the Creditbank was able to retain its leading role within the national banking sector. Its links with the Creditanstalt were loosened, and in the early 1920s a 18-percent equity stake was acquired by 53: 268:, MOKT). The new group did not survive for long, however; it came under direct management by the State Banks' Executive Committee in January 1948, and disappeared by the mid-1950s. 232:, when it narrowly avoided bankruptcy thanks to swift government intervention. It returned to profitability in 1936–1937. In 1938, it absorbed the Hungarian General Savings Bank ( 133:
it effectively the main banker of the Hungarian government; that role was reinforced and extend by successive acts in 1886, 1901, and 1915. In the 1890s, under
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By the early 20th century, the Creditbank had acquired a dominant position on the Hungarian banking market. It acquired the First Hungarian Industrial Bank (
330: 168:), of which it retained overwhelming majority control until 1945. By 1913, it ranked fourth among Hungary's commercial banks by total assets, behind the 550: 283: 93:
was involved early on in financing operations in Hungary, including by providing a sixth of the equity capital for the construction of the iconic
302: 506: 173: 635: 640: 380: 253: 169: 477: 229: 203: 177: 24: 157: 604: 569: 530:"L'Épargne : Son organisation, son progrĂšs, ses institutions chez les Serbes, Croates et SlovĂšnes" 94: 19: 429: 360: 137:'s leadership, the Creditbank became increasingly autonomous from the Austrian Creditanstalt. 355: 335: 312:, member of the board of directors from 1885, Chairman 1895–1900, Managing Director 1909-1923 129: 260:. In 1946, the General Credit Bank merged with the Hungarian National Central Savings Bank ( 8: 288: 261: 257: 233: 141: 40: 321: 113: 296: 199: 161: 134: 122: 90: 73: 315: 307: 28: 213:
By 1924 its Croatian affiliate, the Croatian General Credit Bank, had branches in
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and refinancing its cost overruns in the 1840s. In 1857, the Rothschild-sponsored
240:). It remained among the country's leading banks throughout the interwar period. 57: 252:
appropriated the Schneider-owned block of shares, which from 1945 fell into the
645: 551:"Hungarian Bank Project; Merger of General Savings and General Credit Planned" 350: 629: 249: 102: 98: 570:"The Hungarian banking system from the trauma of Trianon to nationalization" 207: 299:, member of the board of directors from 1878, Managing Director 1900-1909 189: 149: 406: 222: 256:
and were thus claimed by the Soviet authorities under the terms of the
214: 180:, but second by profits behind the Hungarian Commercial Bank of Pest. 128:
The Hungarian General Credit Bank had its shares first traded on the
218: 118: 478:"Banking leaders who made the Hungarian General Credit Bank great" 475: 69: 318:, Managing Director 1923-1924 and 1925–1939, Chairman 1944-1947 153: 23:
Former head office of the Hungarian General Credit Bank, later
148:), which had been established in 1864. In 1912 during the 508:
A magyarorszågi pénzintézetek rövid története, 1836-1947
407:"Banking in Hungarian Economic Development, 1867-1919" 605:"The swan song of the Hungarian General Credit Bank" 476:TamĂĄs KovĂĄcs & Levente KovĂĄcs (October 2017), 627: 527: 404: 427: 243: 602: 539:, Zagreb: Édition de l'Économiste Balkanique 280:Vince Weininger, Managing Director 1876-1879 193: 567: 327:György Ullmann, Managing Director 1944-1947 195:Union europĂ©enne industrielle et financiĂšre 504: 471: 469: 467: 465: 463: 618:, Budapest: Hungarian Banking Association 598: 596: 594: 592: 590: 583:, Budapest: Hungarian Banking Association 491:, Budapest: Hungarian Banking Association 461: 459: 457: 455: 453: 451: 449: 447: 445: 443: 400: 398: 396: 394: 523: 521: 112: 72:, from its establishment in 1867 by the 18: 500: 498: 266:Magyar OrszĂĄgos Központi TakarĂ©kpĂ©nztĂĄr 108: 628: 587: 440: 391: 381:"Magyar ÁltalĂĄnos Hitelbank, Budapest" 228:The bank was severely affected by the 518: 417:, Cambridge University Press: 216–225 561: 495: 174:First National Savings Bank of Pest 76:until its nationalization in 1948. 13: 183: 14: 657: 254:Soviet occupation zone of Germany 170:Hungarian Commercial Bank of Pest 277:Antal Frank, Director 1867-1876? 62:Ungarische Allgemeine Kreditbank 238:Magyar ÁltalĂĄnos TakarĂ©kpĂ©nztĂĄr 230:European banking crisis of 1931 166:Hrvatska sveopca kreditna banka 543: 421: 373: 202:group in partnership with the 178:Hungarian Mortgage Credit Bank 1: 603:TamĂĄs KovĂĄcs (October 2017), 411:Business and Economic History 340:, temporary manager 1947-1948 324:, Managing Director 1939-1944 293:, Managing Director 1880-1900 271: 198:, an affiliate of the French 152:, it created an affiliate in 84: 37:Hungarian General Credit Bank 31:in 1909 and completed in 1913 16:Former bank based in Budapest 568:JĂĄnos Botos (October 2017), 204:Banque de l'Union Parisienne 158:Croatian General Credit Bank 7: 344: 10: 662: 244:World War II and aftermath 79: 45:Magyar ÁltalĂĄnos Hitelbank 636:Banks established in 1867 612:Economy and Finance (GÉP) 485:Economy and Finance (GÉP) 431:The Budapest Chain Bridge 188:Following the turmoil of 641:Defunct banks of Hungary 528:Ljubomir Kosier (1924), 366: 101:bank opened a branch in 405:Thomas Barcsay (1991), 361:Hungarian National Bank 514:, Budapest: Aula KiadĂł 428:Amelie Lanier (2004), 265: 237: 194: 165: 145: 125: 95:SzĂ©chenyi Chain Bridge 68:) was a major bank in 61: 44: 32: 537:Questions Balkaniques 356:Austro-Hungarian Bank 130:Vienna Stock Exchange 116: 22: 146:ElsƑ Magyar Iparbank 109:Austro-Hungarian era 577:Economy and Finance 505:Bela Tomka (2000), 248:In September 1941, 25:Ministry of Finance 555:The New York Times 258:Potsdam Conference 126: 33: 297:Zsigmond Kornfeld 200:Schneider-Creusot 135:Zsigmond Kornfeld 117:Former branch in 91:Rothschild family 74:Rothschild family 653: 620: 619: 609: 600: 585: 584: 574: 565: 559: 558: 557:. 23 March 1938. 547: 541: 540: 534: 525: 516: 515: 513: 502: 493: 492: 482: 473: 438: 437: 436: 425: 419: 418: 402: 389: 388: 377: 339: 316:Tibor Scitovszky 311: 292: 197: 64:, also known as 56: 661: 660: 656: 655: 654: 652: 651: 650: 626: 625: 624: 623: 607: 601: 588: 572: 566: 562: 549: 548: 544: 532: 526: 519: 511: 503: 496: 480: 474: 441: 434: 426: 422: 403: 392: 379: 378: 374: 369: 347: 333: 322:TihamĂ©r Fabinyi 305: 286: 284:Ede Pallavicini 274: 246: 186: 184:Interwar period 111: 87: 82: 52: 17: 12: 11: 5: 659: 649: 648: 643: 638: 622: 621: 586: 560: 542: 517: 494: 439: 420: 390: 371: 370: 368: 365: 364: 363: 358: 353: 346: 343: 342: 341: 328: 325: 319: 313: 300: 294: 281: 278: 273: 270: 245: 242: 206:and Belgium's 185: 182: 121:, designed by 110: 107: 86: 83: 81: 78: 27:; designed by 15: 9: 6: 4: 3: 2: 658: 647: 644: 642: 639: 637: 634: 633: 631: 617: 613: 606: 599: 597: 595: 593: 591: 582: 578: 571: 564: 556: 552: 546: 538: 531: 524: 522: 510: 509: 501: 499: 490: 486: 479: 472: 470: 468: 466: 464: 462: 460: 458: 456: 454: 452: 450: 448: 446: 444: 433: 432: 424: 416: 412: 408: 401: 399: 397: 395: 386: 382: 376: 372: 362: 359: 357: 354: 352: 349: 348: 337: 332: 331:IstvĂĄn Földes 329: 326: 323: 320: 317: 314: 309: 304: 303:Adolf Ullmann 301: 298: 295: 290: 285: 282: 279: 276: 275: 269: 267: 263: 259: 255: 251: 250:Dresdner Bank 241: 239: 235: 231: 226: 224: 220: 216: 211: 209: 205: 201: 196: 191: 181: 179: 175: 171: 167: 163: 159: 155: 151: 147: 143: 138: 136: 131: 124: 120: 115: 106: 104: 100: 99:Creditanstalt 96: 92: 77: 75: 71: 67: 63: 59: 55: 50: 46: 42: 38: 30: 26: 21: 615: 611: 580: 576: 563: 554: 545: 536: 507: 488: 484: 430: 423: 414: 410: 384: 375: 247: 227: 212: 208:Empain group 187: 139: 127: 123:AlfrĂ©d HajĂłs 88: 65: 48: 36: 34: 385:Ki Tervezte 351:BĂ©la Sulyok 334: [ 306: [ 287: [ 190:World War I 150:Balkan Wars 29:IgnĂĄc AlpĂĄr 630:Categories 272:Leadership 176:, and the 85:Background 66:Creditbank 262:Hungarian 234:Hungarian 142:Hungarian 54:â€čSee Tfdâ€ș 41:Hungarian 345:See also 223:VaraĆŸdin 219:Karlovac 162:Croatian 119:Subotica 215:Čakovec 80:History 70:Hungary 221:, and 172:, the 156:, the 154:Zagreb 58:German 646:Banks 608:(PDF) 573:(PDF) 533:(PDF) 512:(PDF) 481:(PDF) 435:(PDF) 367:Notes 338:] 310:] 291:] 103:Pest 89:The 35:The 616:4:3 581:4:3 489:4:3 49:MÁH 632:: 614:, 610:, 589:^ 579:, 575:, 553:. 535:, 520:^ 497:^ 487:, 483:, 442:^ 415:20 413:, 409:, 393:^ 383:. 336:eo 308:hu 289:hu 264:: 236:: 225:. 217:, 210:. 164:: 144:: 105:. 60:: 51:, 47:, 43:: 387:. 160:( 39:(

Index


Ministry of Finance
IgnĂĄc AlpĂĄr
Hungarian
â€čSee Tfdâ€ș
German
Hungary
Rothschild family
Rothschild family
Széchenyi Chain Bridge
Creditanstalt
Pest

Subotica
Alfréd Hajós
Vienna Stock Exchange
Zsigmond Kornfeld
Hungarian
Balkan Wars
Zagreb
Croatian General Credit Bank
Croatian
Hungarian Commercial Bank of Pest
First National Savings Bank of Pest
Hungarian Mortgage Credit Bank
World War I
Schneider-Creusot
Banque de l'Union Parisienne
Empain group
Čakovec

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