Creditanstalt

Creditanstalt AG
IndustryFinancial services
Founded1855
FounderAnselm von Rothschild
FateMerged with Bank Austria in 2002
SuccessorBank Austria-Creditanstalt
HeadquartersVienna, Austria
Websitewww.ba-ca.com

The Creditanstalt (sometimes Credit-Anstalt,[1] abbreviated as CA), full original name k. k. priv. Österreichische Credit-Anstalt für Handel und Gewerbe (lit.'Imperial and Royal privileged Austrian Credit Institution for Commerce and Industry'), was a major Austrian bank, founded in 1855 in Vienna.

From its founding until 1931, the Creditanstalt was led by members of the Rothschild family, who were among its significant shareholders. Its historically consequential failure in 1931 led to a merger engineered by the Austrian government in 1934, in which it combined with the Wiener Bankverein and the sound parts of the Niederösterreichische Escompte-Gesellschaft to form Österreichische Creditanstalt - Wiener Bankverein, later abbreviated to Creditanstalt-Bankverein. The latter came under the control of Deutsche Bank following the Anschluss in 1938, was nationalized in 1945, and was eventually acquired in 1997 by Bank Austria to form Bank Austria-Creditanstalt, since 2005 a subsidiary of UniCredit. UniCredit phased out the Creditanstalt brand in 2008.

  1. ^ "Plugging the hole". The Economist. 2010-11-25.