Bankhaus Krentschker & Co
| Company type | Joint-stock company |
|---|---|
| Founded | 1923 |
| Headquarters | Graz, Austria |
| Total assets | €1.05 billion (2016) |
Number of employees | 98 (2016) |
| Website | www |
Bankhaus Krentschker & Co. AG is a private banking institution based in Graz, Austria.
History
The bank was established in 1923 by Igo Forster in Leibnitz, initially operating a second branch at Graz Central Station. In 1924, Moritz Krentschker and Kurt Pramberger joined as partners, leading to the acquisition of a banking license in 1926. After Forster departed in 1927, the company relocated its headquarters to Graz and was renamed Krentschker & Co. by 1929.
From 1933 to 1938, the bank was involved controversially with the NSDAP Refugee Relief Organization, administering trust accounts for Jewish individuals "willing to emigrate" and facilitating National Socialist-related financial operations in Austria. Following the Anschluss, it aimed to open a Vienna branch to manage the confiscation of Jewish assets under the NSDAP Ministry of Economic Affairs during the Gildemeester campaign and took over the Jewish-owned bank Langer & Co.
After World War II, the institution underwent public supervision before ownership reverted to Krentschker and Pramberger in 1950. Upon Moritz Krentschker’s death in 1967, full ownership was transferred to Steiermärkische Bank und Sparkassen AG, which incorporated its private banking services for affluent clients within Bankhaus Krentschker & Co. The bank also holds considerable real estate and equity stakes.