The Schlesi bank association is a former banking company with seat in Breslau. This Kreditinstitut was created 1856 and taken over 1917 by the German bank.

History

On 17 July 1856 the Schlesi bank association was created as limited partnership on shares. Of them personally responsible partner were the bankers Heinrich Fromberg from Breslau, count Adrian Joseph of Hoverden from Breslau and William Lehfeld from Glogau. Lehfeld was owner of the banking house L. Bambergs Wwe. & sons in Glogau, which was taken over 1865 as the first branch of the Schlesi bank association.

In the 1850er and 1860er years was so unsatisfactory the economic situation in Schlesien that the bank could pay only with trouble 6% dividend. Made of lack of industriellen the Schlesi bank association 1868 bought investment possibilities the rule Kuhnern with their sugar factory, which only 1889 with a small book profit was again sold.

After the establishment of the German Reich there was an establishment wave of industrial companies. By the establishment of subsidiaries in Beuthen (Upper Silesia), Glatz, Leobschtz, Neisse and realm brook the Schlesi bank association extended its line of business to the whole province Schlesien. In the suction of the share boom the Schlesi bank association could increase its share quotation until 1871 on 189% and pay 1872, after a record gain of 6.2 million Marks, 14% dividend. In the following year 1873 the collapse of the stock market in Vienna to a European-wide economic crisis and the annual profit of the bank led sank on 243.000 Marks. In the course of the economic crisis also the shares of the Schlesi bank association fell and reached 1877 with 79% their deepest conditions.

First into the 1880er years improved the economic situation again and the Schlesi bank association became in demand financing partner with reestablishments in the Oberschlesi industrial district. 1886 were opened the branch in Liegnitz.

In the year 1897 Deutsche Bank the majority of the share capital transferred, whereby the Schlesi bank association became practical a subsidiary of the German bank. Between 1898 and 1899 the bank let a new administration building in Breslau (Albrechtstrasse 33/34) establish.

In 20 beginning. Century extended the bank their line of business by new branches in Gleiwitz (1900), deer mountain (1905) and Rybnik (1904) as well as later in Guben (1913), Jauer (1912) and Schweidnitz (1912). The participations of the majority of the society at the Kattowitzer bank association in Kattowitz (since 1904) as well as at the Oberschlesi credit association in Ratibor (since 1905) were converted 1916 into branches. One year later, in the year 1917, was transferred the Schlesi bank association of the German bank than regional branch network.

Literature

• Manfred Pohl: Concentration in the German banking (1848-1980). Publishing house Fritz scarce, Frankfurt/Main 1982.

Articles in category "Schlesi bank association"

We found here 4 articles.

Related Websites

We found here 4 related websites.

• CREDIT -Draft
  Tuscaloosa AL 35487-0224 (USA), hschlesi@cba.ua.edu. Abstract ... British Bankers Association (2000),


• KOMARNO 2000
  life for the people living on its banks, yet on the. other, it becomes a symbol of division and ... gentlich handelt es sich um eine H


• september and october 2004
  327.16 SCHLESI 2004. War and the American presidency / ... You can bank on your voice : your guide to a successful career in. voice-overs / ...


• y`,A^F "" kF.. rc+ (7_ a ,1`t
  be defined as the specifically German type of bank (Der spezifisch ... tively in the Central Association of German Industrialists which was a kind of ...