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In the 1920s, the
Landesbank, led by Hubert Bel and August Bernegau, expanded dramatically by aggressively lending to municipalities with few internal controls and insufficient capital. As a consequence, it collapse in mid-1931 when the financial environment became unfavorable. German interior
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on 7 February 1854 with capital of 400,000 thalers, on a statutory basis of 24 November 1853. Its mandate was not about making profits but "supporting institutions, municipal buildings or commercial companies with loans, paying off municipal debts, and promoting the savings bank system through
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The
Provincial Parliament of the Rhine Province took charge of oversight of the Rheinische Provinzial-Hülfskasse in September 1871. As a consequence, on 10 July 1877 the fund's head office was relocated from Cologne to the parliament's seat in
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identified the
Landesbank's alarming financial position during an on-site inspection in mid-June 1931, but that was too late to prevent disaster. The Landesbank der Rheinprovinz suspended payments on 11 July 1931.
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on the same grounds where the
Rheinische Landesbank had been established. WestLB in turn collapsed in 2007–2008 after uncontrolled balance sheet expansion, in an echo of the previous episode of 1931.
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In
February 1888, the Rheinische Provinzial-Hülfskasse was renamed the Landesbank der Rheinprovinz. On 1 November 1919, the Landesbank opened a branch in Cologne.
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in
Cologne's Zeughausstraße, original seat of the Rheinische Provinzial-Hülfskasse
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273:"Die Landesbank der Rheinprovinz in der großen Bankenkrise der 1920er Jahre"
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The
Landesbank der Rheinprovinz was a direct predecessor entity of
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Wirtschaft, Unternehmen, Kreditwesen, soziale
Probleme: Aufsätze
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Covered bond of the
Landesbank der Rheinprovinz, January 1930
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The
Rheinische Provinzial-Hülfskasse was established in
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295:WestLB. Von der Hülfskasse von 1832 zur Landesbank
340:Die Deutsche Girozentrale - Deutsche Kommunalbank
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174:The function of payments clearing house (
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225:Landesbank für Westfalen (Girozentrale)
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37:was a German provincial public bank or
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297:, Westdeutsche Landesbank Girozentrale
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120:centralized management of savings."
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97:Rheinische Provinzial-Hülfskasse
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79:European banking crisis of 1931
41:, whose origins go back to the
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16:Former public bank in Germany
379:. You can help Knowledge by
277:Portal Rheinische Geschichte
247:German public banking sector
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133:Landesbank der Rheinprovinz
31:Landesbank der Rheinprovinz
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310:Die rheinischen Sparkassen
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61:) established 1854 in the
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426:Defunct banks of Germany
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230:Westdeutsche Landesbank
108:Altes Regierungsgebäude
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375:-related article is a
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431:Landesbanks
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73:and before
446:Bank stubs
420:Categories
242:Landesbank
208:Reichsbank
126:Düsseldorf
90:Düsseldorf
39:Landesbank
373:insurance
170:Aftermath
75:Danatbank
236:See also
228:to form
117:Cologne
67:Prussia
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176:German
144:Aachen
367:This
253:Notes
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377:stub
371:and
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