Bank of San Fernando

Overview

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The Bank of San Fernando (Spanish: Banco de San Fernando or Banco Español de San Fernando) was a financial institution created in Spain in 1829 at the initiative of Finance Minister Luis López Ballesteros, replacing the old Bank of San Carlos. It assumed the debt of the Bank of San Carlos and increased its capital by replacing an uncollectable 77.4 million peseta government debt with 10 million in cash, with the intention of establishing Spain's first public bank, with the capacity to issue Spanish currency, although two thirds of its ownership was private.²

Acquisitions

1. Succeeded Saint Charles National Bank¹
2. Succeeded Bank of Isabella II¹
3. Succeeded by Bank of Spain¹

Timeline

1. 1856Dissolved Dissolved¹
2. 1829Founded Founded¹

Links

• WikipediaBank of San Fernando
• WikidataQ1118429