Katz Coins Notes & Supplies Corp.
E-Auction 121 18-20 Apr 2024
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Romania Banca Marmorosch, Blank & Co. Bucharest Bearer Share for 500 Lei Judaica 1919
57338; One of the oldest banks in Rumania, founded by Jewish interests as a private banking house in 1848. In 1921 it became a share company, with a capital of 8 million lei. This rose later to 125 million lei. The bank had relations with powerful banking groups in Germany, Austria, France and the USA, and became one of the principals channels for capital to enter the Rumanian economy. By 1920 it was the most powerful commercial bank in Rumania, with 25 branches in the country and also in Paris, Istanbul, Vienna and New York. It was heavily involved in Rumanian politics. During the crisis of 1930 the bank was unable to pay its depositors, and became bankrupt, but was rescued by the Rumanian National Bank ; which granted it credit to survive. The bank then obtained valuable state monopolies in certain parts of the economy, and continued in business until 1948, when it was nationalised by the new communist government.; XF
57338; One of the oldest banks in Rumania, founded by Jewish interests as a private banking house in 1848. In 1921 it became a share company, with a capital of 8 million lei. This rose later to 125 million lei. The bank had relations with powerful banking groups in Germany, Austria, France and the USA, and became one of the principals channels for capital to enter the Rumanian economy. By 1920 it was the most powerful commercial bank in Rumania, with 25 branches in the country and also in Paris, Istanbul, Vienna and New York. It was heavily involved in Rumanian politics. During the crisis of 1930 the bank was unable to pay its depositors, and became bankrupt, but was rescued by the Rumanian National Bank ; which granted it credit to survive. The bank then obtained valuable state monopolies in certain parts of the economy, and continued in business until 1948, when it was nationalised by the new communist government.; XF