The Hungarian Industrial & Commercial Bank ( Hungarian: Magyar Ipar-és Kereskedelmi Bank) was a significant albeit short-lived Hungarian bank with head office in Budapest. It was created in 1890 with sponsorship from Wiener Bankverein and additional participation by Deutsche Bank. [1]: 43 It appointed István Tisza as its president, a position the future statesman kept until 1901. [2] Count Gyula Andrássy the Younger and German financier Eugen Gutmann were among its high-profile board members. [3]: 222
Under Tisza's direction, the bank expanded rapidly but became overstretched, collapsing into bankruptcy in 1902 in part because of ill-timed investments in the Romanian petroleum industry. [1]: 67-68
See also
- Hungarian Commercial Bank of Pest
- First National Savings Bank of Pest
- Hungarian Mortgage Credit Bank
- Hungarian General Credit Bank
- Hungarian Discount and Exchange Bank
Notes
- ^ a b Bela Tomka (2000), A magyarországi pénzintézetek rövid története, 1836-1947 (PDF), Budapest: Aula Kiadó
- ^ "Tisza István, 1897-től gróf (1861-1918)". Magyar Elektronikus Könyvtár (MEK) - Hungarian Electronic Library.
- ^ Thomas Barcsay (1991), "Banking in Hungarian Economic Development, 1867-1919", Business and Economic History, 20, Cambridge University Press: 216–225, JSTOR 23702819
 | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |
The Hungarian Industrial & Commercial Bank ( Hungarian: Magyar Ipar-és Kereskedelmi Bank) was a significant albeit short-lived Hungarian bank with head office in Budapest. It was created in 1890 with sponsorship from Wiener Bankverein and additional participation by Deutsche Bank. [1]: 43 It appointed István Tisza as its president, a position the future statesman kept until 1901. [2] Count Gyula Andrássy the Younger and German financier Eugen Gutmann were among its high-profile board members. [3]: 222
Under Tisza's direction, the bank expanded rapidly but became overstretched, collapsing into bankruptcy in 1902 in part because of ill-timed investments in the Romanian petroleum industry. [1]: 67-68
See also
- Hungarian Commercial Bank of Pest
- First National Savings Bank of Pest
- Hungarian Mortgage Credit Bank
- Hungarian General Credit Bank
- Hungarian Discount and Exchange Bank
Notes
- ^ a b Bela Tomka (2000), A magyarországi pénzintézetek rövid története, 1836-1947 (PDF), Budapest: Aula Kiadó
- ^ "Tisza István, 1897-től gróf (1861-1918)". Magyar Elektronikus Könyvtár (MEK) - Hungarian Electronic Library.
- ^ Thomas Barcsay (1991), "Banking in Hungarian Economic Development, 1867-1919", Business and Economic History, 20, Cambridge University Press: 216–225, JSTOR 23702819
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