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Hospodárska a parcelačná banka, Bratislava
At its founding meeting in Bratislava on 21 December 1910, this joint-stock company adopted the bilingual Hungarian and German name Nyugatmagyarországi gazdasági és parcellázó bank, részvénytársaság – Westungarische Landwirtschafts- und Parzellierungsbank Aktiengesellschaft (West Hungarian Agricultural and Land Subdivision Bank).
It had share capital of 400,000 Austro-Hungarian crowns (K) made up of shares with a nominal value K 200 each. The bank had its offices on what is now Štefánikova Street. The members of the first board of directors were Jozef Boules, Samuel Angel, Armín Dukesz, Jozef Flesch, Jakub Fuchs, Karol Glaser jr., František Hertelendy, Július Lakos, Luigi Lanfranconi and Július Wolf.
The articles of association described the bank’s remit as the purchase of assets (agricultural estates) for resale through subdivision or other means, undertaking subdivision on a commission or joint account basis, arranging mortgage loans or loans secured by promissory notes for buyers who acquired real estate directly from the company or through its agency, intermediating the purchase of agricultural property, supporting mechanisation to increase the productivity of agricultural estates, acquiring and brokering urban land and dividing it into building plots on a commission or joint account basis, developing residential districts (colonies) for officials and others, intermediating financial transactions for family homes and building plots and carrying out all transactions relating to agriculture and real estate for its own or another’s account.
The 1912 annual general meeting resolved to expand the bank’s remit and included the acceptance of current account deposits in its articles of association. Adolf Glaser, Róbert Scheibner, Ľudevít Schuster and Adolf Stern were elected to the board of directors.
The remit was further expanded when an extraordinary general meeting held on 5 May 1917 agreed that the company would finance industrial enterprises and sell their products at fixed prices or on commission, would conduct various transactions involving goods and raw materials, and provide universal banking services. The company updated its articles of association with the provisions necessary to enact these changes and submitted them to the companies register as an addendum.
The company changed its name after coming under the jurisdiction of the first Czechoslovak Republic. At the ordinary general meeting held on 24 January 1920, the shareholders decided to use the Hungarian name Gazdasági és parcellázó bank, részvénytársaság, and the German name Landwirtschafts- und Parzellierungsbank Aktiengesellschaft (Agricultural and Land Subdivision Bank, joint-stock company). Its Slovak name, Hospodárska a parcelačná banka, účastinná spoločnosť, was adopted later at a general meeting on 5 May 1920. In 1922, the company’s board of directors consisted of the chairman Karol Glaser, vice-chairman Július Heim, and other members. The members of the supervisory board were Leopold Altdorfer, Alexander Malatinský, Karol Müller and Andreas Neuschlosz. The managing director was Otto Müller, who had held the post since 1920.
In 1912 the bank had leased 4,000 morgen (around 1,000 hectares) of land from the Eszterházy trust for 20 years. No dividends were paid for the years 1918–1919 or for 1921. The balance sheet as of 31 December 1922 showed a loss of 25,583 Czechoslovak crowns (Kč).
The bank’s remit reached its maximum at the general meeting on 17 December 1925. It agreed that it would accept deposits on overdraft accounts and conduct wholesale transactions involving goods and raw materials on commission for the account of enterprises with which the bank did business, as well as the occasional purchase and sale of goods and raw materials as security for its own receivables.
The shareholders agreed to dissolve and liquidate the financial institution at a final general meeting on 6 December 1926. Karol Glaser, Otto Müller and Gejza Boreczký were appointed as liquidators. Documents on the bank’s activities were deposited in the corporate archives of the Regional Institute of Štátna banka československá (State Bank of Czechoslovakia) in Bratislava in the former monastery in Marianka. In the period 1975–1977, they were transferred to the bank’s archives building at 27 Krajná Street and in 2003 they were moved to the Archives of Národná banka Slovenska at 8 Cukrová Street in Bratislava.
The archival fonds was processed in the archives of the Regional Institute of Štátna banka československá in Bratislava, where a temporary inventory was made in 1965. This was revised in the archives of Národná banka Slovenska in 2015. The archival documents are written in Hungarian and Slovak.
Last updated: Friday, November 28, 2025