!!!Erste österreichische Spar-Casse

Erste oesterreichische Spar-Casse, savings bank; founded in 1819 in 
Vienna on the initiative of Johann Baptist Weber, the parish priest of 
St. Leopold in Vienna, it is the oldest bank in Austria. One of 
the first  savings banks on the European continent, it played an 
important part in the development and extension of savings banking. In 
1825 it created the first private social insurance institution in 
Central Europe, the "Allgemeine Versorgungsanstalt fuer die 
Unterthanen des oesterreichischen Kaiserstaats" ("General insurance 
institution for the subjects of the Austrian Empire"). It also played 
a considerable part in the development of mortgage loans. In 1873 a 
loan society for financing small businesses was created. After 1938 
(occupation of Austria by Hitler), the bank was allowed to keep the 
term Austria in its name despite massive pressure.

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Today, it is one of the most significant banks in Austria, with more 
than 230 branches (as of 1994) serving private and business customers. 
Representative offices abroad: in Brussels, Madrid, Vicenza, London 
and other cities in the United Kingdom.  GiroCredit Bank AG der 
Sparkassen  Erste Bank der oesterreichischen Sparkasse AG


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