Private company
Allgemeine Bodencreditanstalt
Former bank in Austria
The Allgemeine Bodencreditanstalt or Boden-Credit-Anstalt (lit. 'General Land Credit Institution', French: Crédit foncier autrichien, also known as Bodencredit or simply "Boden") was an Austrian bank based in Vienna, created in 1863 and absorbed in 1929 by its main competitor the Creditanstalt following its 1927 acquisition of two smaller troubled banks, Verkehrsbank and Unionbank.2 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
- HeadquartersVienna1
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The Allgemeine Bodencreditanstalt or Boden-Credit-Anstalt (lit. 'General Land Credit Institution', French: Crédit foncier autrichien, also known as Bodencredit or simply "Boden") was an Austrian bank based in Vienna, created in 1863 and absorbed in 1929 by its main competitor the Creditanstalt following its 1927 acquisition of two smaller troubled banks, Verkehrsbank and Unionbank.2
Acquisitions
The acquisition of Verkehrsbank and Unionbank soon put the Bodencreditanstalt in jeopardy, mostly because of the burden associated with Unionbank. It delayed writing off the bad loans inherited from the two banks it had acquired, but that lack of transparency only compounded the loss of confidence. In October 1929, the Austrian government leaned on Creditanstalt to acquire the ailing Bodencreditanstalt, which in turn was at the root of Creditanstalt's collapse less than two years later, a major development of the European banking crisis of 1931.
From Wikipedia’s article on Allgemeine Bodencreditanstalt, shared under CC BY-SA 4.0.3
Timeline
- 1863Founded Founded1
Links
- WikipediaAllgemeine Bodencreditanstalt
- More imagesWikimedia Commons
- WikidataQ889479
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 4Wikimedia CommonsAllgemeine Bodencreditanstalt photo by Gryffindor, CC BY 2.5