Original scientific paper
Maritime Bank in Dubrovnik (Reasons for foundation, affairs and liquidation)
Ivo Perić
; Institute for Historical Sciences of the Croatian Academy of Sciences and Arts, Dubrovnik, Croatia
Abstract
The Maritime Bank was founded in Dubrovnik in 1919 among many other new business firms. In the year of its foundation 500.000 crowns were the original stock. In 1922 it mounted up to 6.000.000 crowns. As that was the year when Austrian crowns were replaced by Yugoslav dinars (exchange rate 4 crowns to 1 dinar) the capital total was 1.500.000 dinars. Due to the rise of the share capital (20.000 shares, each share à 125 dinars) it reached its highest and final sum of 2.500.000 dinars in 1926. Strong bank competition, economic and social crisis in the Kingdom of the Serbs, Croats and Slovenians and especially the 1926 worldwide depression affected the welfare of the Maritime Bank. Its management was helpless and in 1932 its shareholders decided to liquidate it. The process itself lasted till 1937. At the same time another maritime bank existed in the Croatian littoral, in Bakar and later in Sušak, but was liquidated for the same reasons.
Keywords
Hrčak ID:
241192
URI
Publication date:
20.6.1990.
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