The Reichs-Kredit-Gesellschaft (RKG, lit.'Credit Company of the Reich') was a significant state-owned German bank, located in Berlin.[2][3][4]
Building at Behrensstrasse 21–22 in Berlin, former head office of the RKG,[1] erected 1896 as Berlin branch of the A. Schaaffhausen'scher Bankverein; lately the Berlin representative office of BavariaThe former RKG building in 1950
Historyedit
The RKG originated in the war economy of Germany during World War I. In 1917, the Reich Treasury established a Statistical Office for War Companies (German: Statistisches Büro für Kriegsgesellschaften) for the purpose of financing companies that had been set up to support the war effort. to balance the surplus and need for money in the war societies. After the war's end, the corresponding assets and liabilities were transferred to a "cxredit and control entity" (German: Reichs-Kredit- und Kontrollstelle GmbH), a limited-liability company owned by the German government.
On 7 March 1923, the government-owned VIAG company founded the Reichs-Kredit-Gesellschaft mbH (private limited company) to take over the Reichs-Kredit- und Kontrollstelle GmbH, and transformed it the next year into a joint-stock company, with Samuel Ritscher [de] as its general manager. The RKG was principally active in the areas of industrial and commercial credit, securities, asset management, and trade finance.
By 1930, the RKG had become Germany's fifth-largest joint-stock bank by total deposits with 619 million Reichsmarks, behind Deutsche Bank & Disconto-Gesellschaft (4.8 billion), Danat-Bank (2.4 billion), Dresdner Bank (2.3 billion), and Commerz- und Privatbank (1.5 billion).[5]: 354 This was achieved despite having no branches outside of Berlin.
The existence of the RKG came to an abrupt end in 1945, as the Soviet occupation forces closed it and appropriated its assets, as with all banks in their occupation zone.[6] A number of former RKG employees subsequently took leadership roles at the Frankfurter Bank.[7]
^"AK Berlin, Reichs-Kredit-Gesellschaft, Bankgebäude Behrenstrasse 21 /22". Alte Ansichtskarten / old postcards.
^Walter Hofmann (1980), Private Bank im öffentlichen Besitz. Kleine Geschichte der Reichs-Kredit-Gesellschaft AG, Mainz{{citation}}: CS1 maint: location missing publisher (link)
^Edeltraud Volkmann (1977), Die Entwicklung des staatlichen Bankwesens in Deutschland in der Zeit von 1924 bis 1928 unter besonderer Berücksichtigung der Reichs-Kredit-Gesellschaft AG, Akademie der Wissenschaften der DDR
^Harald Wixforth (2009), "Expansion durch "Arisierung"? – Die Geschäftsausweitung der Reichs-Kredit-Gesellschaft in die "Provinz"", Bankhistorisches Archiv (35)
^P. Barrett Whale (1930), Joint Stock Banking in Germany: A Study of the German Creditbanks Before and After the War(PDF)
^Ernst Neubronner (1998), "Der Wiederaufbau der deutschen Geschäftsbanken nach 1945 am Beispiel der Berliner Handels-Gesellschaft", Zeitschrift für Unternehmensgeschichte
^The History of BHF-BANK and its Predecessor Institutes, BHF-Bank, 2012
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reichs, kredit, gesellschaft, credit, company, reich, significant, state, owned, german, bank, located, berlin, building, behrensstrasse, berlin, former, head, office, erected, 1896, berlin, branch, schaaffhausen, scher, bankverein, lately, berlin, representat. The Reichs Kredit Gesellschaft RKG lit Credit Company of the Reich was a significant state owned German bank located in Berlin 2 3 4 Building at Behrensstrasse 21 22 in Berlin former head office of the RKG 1 erected 1896 as Berlin branch of the A Schaaffhausen scher Bankverein lately the Berlin representative office of BavariaThe former RKG building in 1950History editThe RKG originated in the war economy of Germany during World War I In 1917 the Reich Treasury established a Statistical Office for War Companies German Statistisches Buro fur Kriegsgesellschaften for the purpose of financing companies that had been set up to support the war effort to balance the surplus and need for money in the war societies After the war s end the corresponding assets and liabilities were transferred to a cxredit and control entity German Reichs Kredit und Kontrollstelle GmbH a limited liability company owned by the German government On 7 March 1923 the government owned VIAG company founded the Reichs Kredit Gesellschaft mbH private limited company to take over the Reichs Kredit und Kontrollstelle GmbH and transformed it the next year into a joint stock company with Samuel Ritscher de as its general manager The RKG was principally active in the areas of industrial and commercial credit securities asset management and trade finance By 1930 the RKG had become Germany s fifth largest joint stock bank by total deposits with 619 million Reichsmarks behind Deutsche Bank amp Disconto Gesellschaft 4 8 billion Danat Bank 2 4 billion Dresdner Bank 2 3 billion and Commerz und Privatbank 1 5 billion 5 354 This was achieved despite having no branches outside of Berlin The existence of the RKG came to an abrupt end in 1945 as the Soviet occupation forces closed it and appropriated its assets as with all banks in their occupation zone 6 A number of former RKG employees subsequently took leadership roles at the Frankfurter Bank 7 See also editBerliner Handels GesellschaftReferences edit AK Berlin Reichs Kredit Gesellschaft Bankgebaude Behrenstrasse 21 22 Alte Ansichtskarten old postcards Walter Hofmann 1980 Private Bank im offentlichen Besitz Kleine Geschichte der Reichs Kredit Gesellschaft AG Mainz a href Template Citation html title Template Citation citation a CS1 maint location missing publisher link Edeltraud Volkmann 1977 Die Entwicklung des staatlichen Bankwesens in Deutschland in der Zeit von 1924 bis 1928 unter besonderer Berucksichtigung der Reichs Kredit Gesellschaft AG Akademie der Wissenschaften der DDR Harald Wixforth 2009 Expansion durch Arisierung Die Geschaftsausweitung der Reichs Kredit Gesellschaft in die Provinz Bankhistorisches Archiv 35 P Barrett Whale 1930 Joint Stock Banking in Germany A Study of the German Creditbanks Before and After the War PDF Ernst Neubronner 1998 Der Wiederaufbau der deutschen Geschaftsbanken nach 1945 am Beispiel der Berliner Handels Gesellschaft Zeitschrift fur Unternehmensgeschichte The History of BHF BANK and its Predecessor Institutes BHF Bank 2012 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 Reichs Kredit Gesellschaft amp oldid 1191815588, wikipedia, wiki, book, books, library,
