Länderbank
Defunct large Austrian bank / From Wikipedia, the free encyclopedia
The Länderbank, full original name k. k. privilegierte Österreichische Länderbank (lit. 'Imperial and Royal Privileged Austrian Bank of the Lands'), was a major Austrian bank, created in 1880. In 1922 its head office was moved to Paris under the name Banque des Pays de l'Europe Centrale (BPEC, German: Zentral-Europäische Länderbank, lit. 'Bank of the Central European Countries'), even though its activity remained overwhelmingly in the Austrian operations. After the 1938 Anschluss the latter came under control of Dresdner Bank by the name Länderbank Wien. It was nationalized in 1946, renamed Österreichische Länderbank AG in 1948, and eventually merged in 1991 with Vienna's Zentralsparkasse to form Bank Austria, which in turn has been a subsidiary of UniCredit since 2005.