The City Savings Bank (Croatian: Gradska štedionica) was a significant bank headquartered in Zagreb, created in 1913, reorganized after World War II and eventually merged into the National Bank of Yugoslavia in 1952.
The Zagreb City Assembly approved the Statute of the City Savings Bank in Zagreb on 10 February 1913. At a time, Zagreb had a population of 100,000 and was rapidly developing into a modern city. The bank's primary role was financing the city's public companies. In 1916, the bank acquired the Zagreb electric tram company (ZET) and invested heavily in the development of the tram network and public transport in general.
The bank fared comparatively better during the European banking crisis of 1931 than many of its competitors. It had to request a moratorium on its liabilities, but this was lifted in 1935,[1]: 61 earlier than for peers including the larger First Croatian Savings Bank which had entered moratorium in April 1932.[2] The City Savings Bank benefited in this from its backing by the municipality of Zagreb.[3]: 172
It was reorganized in 1946-1947 as a so-called Komunalna Banka,[4] with the task of servicing local budgets and controlling plan fulfillment by local enterprises. Like all other such entities, it was merged into the National Bank of Yugoslavia in 1952 under the era's "monobank" system, which was however dismantled later in the same decade.
Legacyedit
The Zagrebačka banka (Bank of Zagreb) was formed in 1977 by amalgamating various assets and operations including some from the City Savings Bank such as its former head office on Ban Jelačić Square, and views itself as the continuating entity of the City Savings Bank.[5]
^Federal Reserve Board (February 1944), Army Service Forces Manual M355-5 / Civil Affairs Handbook Yugoslavia: Money and Banking, Washington DC: U.S. Army Service Forces
^Decision No. 1158 under the Yugoslav Claims Agreement of 1948 and the International Claims Settlements Act of 1949(PDF), Washington DC: Foreign Claims Settlement Commission of the United States, 19 August 1954, p. 2
^Mira Kolar-Dimitrijević (2018), The History of Money in Croatia 1527 – 1941, Zagreb: Croatian National Bank
^"Gradska štedionica u Zagrebu". Nacionalni arhivski informacijski sustav.
city, savings, bank, zagreb, city, savings, bank, croatian, gradska, štedionica, significant, bank, headquartered, zagreb, created, 1913, reorganized, after, world, eventually, merged, into, national, bank, yugoslavia, 1952, former, head, office, city, savings. The City Savings Bank Croatian Gradska stedionica was a significant bank headquartered in Zagreb created in 1913 reorganized after World War II and eventually merged into the National Bank of Yugoslavia in 1952 Former head office of the City Savings Bank on Ban Jelacic Square in Zagreb designed by Ignjat Fischer and completed in 1925 Contents 1 History 2 Legacy 3 See also 4 NotesHistory editThe Zagreb City Assembly approved the Statute of the City Savings Bank in Zagreb on 10 February 1913 At a time Zagreb had a population of 100 000 and was rapidly developing into a modern city The bank s primary role was financing the city s public companies In 1916 the bank acquired the Zagreb electric tram company ZET and invested heavily in the development of the tram network and public transport in general The bank fared comparatively better during the European banking crisis of 1931 than many of its competitors It had to request a moratorium on its liabilities but this was lifted in 1935 1 61 earlier than for peers including the larger First Croatian Savings Bank which had entered moratorium in April 1932 2 The City Savings Bank benefited in this from its backing by the municipality of Zagreb 3 172 It was reorganized in 1946 1947 as a so called Komunalna Banka 4 with the task of servicing local budgets and controlling plan fulfillment by local enterprises Like all other such entities it was merged into the National Bank of Yugoslavia in 1952 under the era s monobank system which was however dismantled later in the same decade Legacy editThe Zagrebacka banka Bank of Zagreb was formed in 1977 by amalgamating various assets and operations including some from the City Savings Bank such as its former head office on Ban Jelacic Square and views itself as the continuating entity of the City Savings Bank 5 See also editFirst Croatian Savings Bank Croatian Discount Bank Jugoslavenska Banka Ljubljana Credit Bank State Mortgage Bank of YugoslaviaNotes edit Federal Reserve Board February 1944 Army Service Forces Manual M355 5 Civil Affairs Handbook Yugoslavia Money and Banking Washington DC U S Army Service Forces Decision No 1158 under the Yugoslav Claims Agreement of 1948 and the International Claims Settlements Act of 1949 PDF Washington DC Foreign Claims Settlement Commission of the United States 19 August 1954 p 2 Mira Kolar Dimitrijevic 2018 The History of Money in Croatia 1527 1941 Zagreb Croatian National Bank Gradska stedionica u Zagrebu Nacionalni arhivski informacijski sustav History Zagrebacka Banka nbsp nbsp This bank and insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title City Savings Bank of Zagreb amp oldid 1182548182, wikipedia, wiki, book, books, library,
