Sparkassengruppe Österreich
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Sparkassengruppe Österreich
The ''Sparkassengruppe Österreich'' () brings together all savings banks () in Austria. Tracing its origins to 1819, it serves around 4 million customers in 797 branches with more than 15,500 employees, with a customer share in Austria around 31.2% as of December 2022. The group has a complex decentralized structure but relies critically on Erste Group Bank AG, which owns the main local savings bank in Vienna, operates central functions, owns and manages subsidiaries outside of Austria, and consolidates group accounts. The Österreichischer Sparkassenverband acts as the group's national representative body. In 2020 the group had total assets of €277 billion, ahead of Raiffeisen Bank International (€166 billion), UniCredit Bank Austria (€119 billion), and BAWAG, BAWAG Group (€53 billion), making it one of the largest Austrian banking groups. Since the entry into force of European Banking Supervision in late 2014, the entire Sparkassengruppe Österreich has been directly su ...
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Erste Campus 2015 Bahnorama
Erste Group Bank AG (shortened version Erste Group) is an Austrian financial service provider. It is one of the largest financial service providers in Central and Eastern Europe serving more than 16 million clients in over 2,000 branches in seven countries. Erste Group is headquartered in Vienna and operates as a universal bank. Erste Group is the central entity of the Sparkassengruppe Österreich (Austrian Savings Banks Group) and the Österreichischer Sparkassenverband. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. The main shareholder of Erste Group is the non-profit ERSTE Foundation. In 1997, Erste Group went public and today the company is listed on the exchanges of Vienna, Prague and Bucharest and included in the indices ''CEETX'', ATX and PX. History The origins of Erste Group are in the founding of the Erste öster ...
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Habsburg Monarchy
The Habsburg monarchy, also known as Habsburg Empire, or Habsburg Realm (), was the collection of empires, kingdoms, duchies, counties and other polities (composite monarchy) that were ruled by the House of Habsburg. From the 18th century it is also referred to as the Austrian monarchy, the Austrian Empire () or the Danubian monarchy. The history of the Habsburg monarchy can be traced back to the election of Rudolf I of Germany, Rudolf I as King of the Romans, King of Germany in 1273 and his acquisition of the Duchy of Austria for the Habsburgs in 1282. In 1482, Maximilian I, Holy Roman Emperor, Maximilian I acquired the Habsburg Netherlands, Netherlands through marriage. Both realms passed to his grandson and successor, Charles V, Holy Roman Emperor, Charles V, who also inherited the Monarchy of Spain, Spanish throne and Spanish Empire, its colonial possessions, and thus came to rule the Habsburg empire at its greatest territorial extent. The abdication of Charles V in 1556 led ...
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Austro-Hungarian Krone
The krone (alternatively crown; , , , , , , , , , ) was the official currency of Austria-Hungary from 1892 (when it replaced the Austro-Hungarian gulden, gulden as part of the adoption of the gold standard) until the dissolution of the empire in 1918. The subunit was one hundredth of the main unit, and was called a in the Austrian and a in the Hungarian part of the Empire. Name The official name of the currency was (, plural, pl. ) in Austria and in Hungary. The Latin form (plural ), abbreviated to on the smaller coins, was used for the coinage of the mostly German-speaking part of the empire known as Cisleithania. Currency names in other ethnic languages were also recognised and appeared on the banknotes: (pl. ) in Czech language, Czech, (pl. ) in Polish language, Polish, , (pl. , ) in Ukrainian language, Ukrainian, (pl. ) in Italian language, Italian, (pl. ) in Slovene language, Slovene, / (singular and plural) in Serbo-Croatian, (pl. ) in Slovak language, Slov ...
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World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. Effective capital controls and currency substitution ("dollarization") are the orthodox solutions to ending short-term hyperinflation; however, there are significant social and economic costs to these policies. Ineffective implementations of these solutions often exacerbate the situation. Many governments choose to attempt to solve structural issues without resorting to those solutions, with the goal of bringing inflation down slowly while minimizing social costs of further economic shocks; however, this can lead to a prolonged period of high inflation. Unlike low inflation, where the process of rising prices is protracted and not generally noticeab ...
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Prague
Prague ( ; ) is the capital and List of cities and towns in the Czech Republic, largest city of the Czech Republic and the historical capital of Bohemia. Prague, located on the Vltava River, has a population of about 1.4 million, while its Prague metropolitan area, metropolitan area is home to approximately 2.3 million people. Prague is a historical city with Romanesque architecture, Romanesque, Czech Gothic architecture, Gothic, Czech Renaissance architecture, Renaissance and Czech Baroque architecture, Baroque architecture. It was the capital of the Kingdom of Bohemia and residence of several Holy Roman Emperors, most notably Charles IV, Holy Roman Emperor, Charles IV (r. 1346–1378) and Rudolf II, Holy Roman Emperor, Rudolf II (r. 1575–1611). It was an important city to the Habsburg monarchy and Austria-Hungary. The city played major roles in the Bohemian Reformation, Bohemian and the Protestant Reformations, the Thirty Years' War and in 20th-century history a ...
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Bohemia
Bohemia ( ; ; ) is the westernmost and largest historical region of the Czech Republic. In a narrow, geographic sense, it roughly encompasses the territories of present-day Czechia that fall within the Elbe River's drainage basin, but historically it could also refer to a wider area consisting of the Lands of the Bohemian Crown ruled by the List of Bohemian monarchs, Bohemian kings, including Moravia and Czech Silesia, in which case the smaller region is referred to as Bohemia Proper as a means of distinction. Bohemia became a part of Great Moravia, and then an independent principality, which became a Kingdom of Bohemia, kingdom in the Holy Roman Empire. This subsequently became a part of the Habsburg monarchy and the Austrian Empire. After World War I and the establishment of an History of Czechoslovakia (1918–1938), independent Czechoslovak state, the whole of Bohemia became a part of Czechoslovakia, defying claims of the German-speaking inhabitants that regions with German ...
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Zagreb
Zagreb ( ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, north of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb stands near the international border between Croatia and Slovenia at an elevation of approximately above mean sea level, above sea level. At the 2021 census, the city itself had a population of 767,131, while the population of Zagreb metropolitan area is 1,086,528. The oldest settlement in the vicinity of the city was the Roman Andautonia, in today's Šćitarjevo. The historical record of the name "Zagreb" dates from 1134, in reference to the foundation of the settlement at Kaptol, Zagreb, Kaptol in 1094. Zagreb became a free royal city in 1242. In 1851, Janko Kamauf became Zagreb's List of mayors of Zagreb, first mayor. Zagreb has special status as a Administrative divisions of Croatia, Croatian administrative ...
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First Croatian Savings Bank
The First Croatian Savings Bank (, ) was a significant Croatian bank headquartered in Zagreb. The bank was founded in 1846 and liquidated in 1945. It has been described as "the first modern credit institution in Zagreb" and "one of the most significant financial institutions in Croatia's banking history". History Habsburg era The First Croatian Savings Bank was created on March 4, 1846, in Zagreb, on the basis of Imperial Austrian legislation of 1844 that facilitated the establishment of savings banks. It followed precedents such as the Erste österreichische Spar-Casse in Vienna (1819), the Laibacher Sparkasse in nearby Ljubljana (1820), and the First National Savings Bank of Pest (1839-40). Its founders included Ljudevit Gaj, Dimitrija Demeter, Antun Mažuranić, , , and . The latter became the bank's first president. The shareholders were mostly merchants of Gradec, Zagreb, Gradec, which five years later merged with its sister town of Kaptol, Zagreb, Kaptol to form the ...
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First National Savings Bank Of Pest
The First National Savings Bank of Pest (PHET) (), sometimes translated as ''First Domestic Savings Bank'' or referred to simply as ''First Savings Bank'', was a major Hungarian bank that was established in 1839–1840 and was eventually nationalized in 1948, together with its universal banking affiliate ''Hazai Bank'', established in 1895. It was one of the three largest banks in Hungary in the late 19th and early 20th centuries, together with the Hungarian Commercial Bank of Pest and the Hungarian General Credit Bank. History Creation and early development The decision to create the First Savings Bank was made by the Pest municipal authorities in 1839, following advocacy by prominent local figures such as András Fáy. It started operations on , initially in two small rooms of Pest County Hall. Lajos Kossuth and István Széchenyi were among its 326 original backers. In 1844 it was converted from an association to a joint-stock company. In 1868, it expanded by opening ...
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Cassa Di Risparmio Di Milano
Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding company of Intesa in late 1990s, and was fully absorbed circa 2000. History The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera and Cassa di Risparmio di Novara in 1928. In December 1991, due to Legge Amato, the bank, as società per azioni, and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation. The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of Alessandria, Carrara and Spezia to form Carinord Hol ...
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