Austrian Postal Savings Bank [SEP] architect
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Austrian Postal Savings Bank


The Austrian Postal Savings Bank building (German language: "Österreichische Postsparkasse") is a famous building in Vienna, designed and built by the architect Otto Wagner. The building is regarded as an important work of Vienna Secession, branch of Art Nouveau. It was constructed between 1904 and 1906 using then completely new reinforced concrete, and was opened on 17 December 1906. Extension was added between 1910 to 1912. The building houses the headquarters of the "Österreichische Postsparkasse" (P.S.K.) bank, formerly the "k.k. Postsparcassen
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Österreichische Postsparkasse


and impenetrable look. The skylight in the main hall nevertheless allows for natural light to reach the interior of the building, making it light and airy at the same time. The headquarters building became the most recognisable trademark of the postal savings bank. For more information on the building by Otto Wagner see Austrian Postal Savings Bank. World War I dealt a heavy blow to the bank. With the collapse of the Austro-Hungarian Empire, its areas of activity were restricted to the much smaller, newly founded Austrian Republic. As
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Österreichische Postsparkasse


Österreichische Postsparkasse (P.S.K.) was a postal savings bank in Austria. It was owned by the Austrian Mail and thus by the government. It merged on 1 October 2005, with the BAWAG to form BAWAG P.S.K.. Österreichische Postsparkasse was founded by law in 1882. On 28 May, the parliamentary bill "...on the introduction of postal savings banks in kingdoms and countries represented by the Imperial Assembly" was passed in the Imperial Council ("Reichsrat"). The government bill was drawn up by Georg Coch, the founder
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BAWAG P.S.K.


the ÖGB, the Austrian Trade Union Federation. P.S.K. was founded in 1883 as Austrian Postal Savings Bank by Georg Coch offering the idea of saving to broad sections of the population, to ensure the security of the deposits by investing in government bonds only as well as to provide funding for the state. After acquiring P.S.K. by BAWAG in 2000, both banks merged to form BAWAG P.S.K. in 2005. In December 2006, Cerberus Capital Management acquired BAWAG P.S.K. for reported €3.2 billion. In October 2017, BAWAG Group AG, the
1111007
Banking in Austria


transactions affecting the balance of payments. It also sets reserve requirements for credit institutions. The Austrian banking system also includes joint-stock banks, banking houses, and private banks, as well as postal savings banks, private savings banks, mortgage banks, building societies, and specialized cooperative credit institutions. The most important credit institutions are the joint-stock commercial banks, the two largest of which, the Creditanstalt-Bankverein and the Österreichische Länderbank, were nationalized in 1946; shares representing 40% of the nominal capital of the
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Austrian Postal Savings Bank


-Amt" (Imperial-Royal Postal Savings Office). It is located at Georg-Coch-Platz 2, in the first district Innere Stadt, next to the Ringstraße boulevard. Up to eight stories high, the building occupies an entire city block. The façade is covered with square marble slabs and aluminum applications reminiscent of a money storage. Granite slabs are attached to the lower and upper levels. The rivets with which the marble cladding seems to be fixed to the wall are purely ornamental and articulate the façade.
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Postal savings system


Hungarian Soviet Republic by the "Magyar Postatakarékpénztár" (Hungarian Postal Savings Bank). India Post provides small banking and financial services, (including National Savings Certificates) under Indian Postal services. Postal savings in Indonesia began with the establishment of the Netherlands Indian Post Office Savings Bank () in 1897. During the Japanese occupation of Indonesia, it was replaced by the and savings were encouraged by the military administration to support the Greater East Asia War. The Savings Office became the "Post Office Savings Bank" again () after
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Postal savings system


La Banque Postale". Deutsche Postbank has a postal banking system. Deutsche Postbank was a subsidiary of Deutsche Post until 2008, when 30% of Deutsche Post's shares were sold to Deutsche Bank. Postal banking services are still available at all branches of Deutsche Post and Deutsche Postbank. Greek Postal Savings Bank provided banking services from post offices until 2013 when it was replaced by New TT Hellenic Postbank a subsidiary of Eurobank Group. In 1919 the Postal Savings Bank notes were issued under the decree of the Revolutionary Governing Council of the
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Postal savings system


later, the Post Office Savings Bank was shut down in 1968-69. Since at least the early 2010s, postal banking has been discussed and studied periodically, with postal unions backing the idea. In the People's Republic of China, the Postal Savings Bank of China () was split from China Post in 2007 and established as a state-owned limited company. It continues to provide banking services at post offices. In Finland, "Postisäästöpankki" ("Post Savings Bank") was founded in 1887. In
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Postal savings system


be saved per person was set to NOK 10,000. In 1948 the bank had services provided at 3,600 post offices and post outlets. It was sold in 1999 and became part of the commercial bank DNB ASA. The Philippine Postal Savings Bank (PPSB), also known as PostalBank, is the state-owned postal savings system in the Philippines. It is the smallest of the Philippines' three state-owned banks and is governed separately from PhilPost. In late 2017, state bank Land Bank of the Philippines acquired PPSB at
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Rudolf Ramek


, he succeeded his party fellow Ignaz Seipel as Austrian chancellor on 20 November 1924. Under Ramek's government, the Schilling became the official Austrian currency in 1925, after a hyperinflation period of the old Austrian krone in the early 1920s. The supervision of the country's finances by a League of Nations Commissioner finished the next year, however, the depression continued and unemployment figures were rising. Ramek finally resigned during the crisis around the state-owned "Österreichische Postsparkasse" postal savings bank on 20 October 1926, again succeeded by
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Postal savings system


. Post Office Savings Bank became National Savings Bank in 1969, later renamed National Savings and Investments (NS&I), an agency of HM Treasury. While continuing to offer National Savings services, the (then) General Post Office, created the National Giro in 1968 (privatized as Girobank and acquired by Alliance & Leicester in 1989). Many other countries adopted such systems soon afterwards. Japan established a postal savings system in 1875 and the Netherlands government started a systems in 1881 under the name Rijkspostspaarbank (national postal savings bank)
8645376
CEC Bank


as an institution in its own right, the Casa Generala de Economii ("General Savings House" or "General Savings Bank"), which in 1932 became the Casa Naționala de Economii si Cecuri Postale ("Savings and Postal Cheques National House", "National Bank for Savings and Postal Cheques", etc.). The two entities were joined back together at the start of the Communist era, in 1948. In Communist Romania, CEC created a number of types of accounts, including passbook savings accounts with various
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Postal savings system


independence, before renamed into the current "State Savings Bank", or Bank Tabungan Negara (BTN) in 1963. Between 1963 and 1968, it became the Fifth Unit of Bank Negara Indonesia during the single-bank system, made to support the guided democracy. Currently, BTN offers a savings plan that allows its users to deposit in post offices. In Italy, the Postal savings system is run by Poste italiane, the Italian postal service company. Poste italiane run this service along with Cassa Depositi e Prestiti. In
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Österreichische Postsparkasse


re-founded on 26 April 1945, as Österreichische Postsparkassenamt. It was the first Viennese banking institute to resume its services and was under the direct control of the Austrian Federal Ministry of Finance. It remained under the direct control of the ministry until 1 January 1970, when the 1969 Postal Savings Bank Act () came into effect. The bank regained its pre-war status as an independent legal entity in form of a public company. Österreichische Postsparkasse, as it was now called, was however required to further follow the
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Austrian Postal Savings Bank


Since the approximately 10 cm thick plates are kept in place by plaster, the rivets do not have supporting function. The use of marble makes the maintenance and cleaning of the facade very easy and inexpensive, important functional element in Wagner's design. Wagner greatly valued the aluminum, material perfected by Austrian chemist Carl Josef Bayer for industrial production. He used the material not only for the rivets, but also for other decorative elements on the outside and inside of the building, such as the portico columns and the central heating fans
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Postal savings system


to engage in uneconomical infrastructure projects—what in America would be called pork barrel spending. The state-owned Japan Post Bank business unit of Japan Post was formed in 2007, as part of a ten-year privatization programme, intended to achieve fully private ownership of the postal system by 2017. Kenya Post Office Savings Bank (KPOSB/Postbank) Korea Post, operated by South Korean government, has its postal banking and postal insurance business since 1982. Banking counter and ATM is available in all post office, excluding postal
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Tanzania Postal Bank


office Savings Bank. The bank became operational in just two years in 1927. After the government of Tanzania began financial sector reform following the end of Ujamaa economic policies in the country, the Tanzania Post office Savings bank was transformed into a separate entity, the Tanzania Postal Bank. The Tanzania Postal Bank Act No. 11 of 1991 created the bank as a separate entity from the Tanzania Posts and Telecommunications Corporation. Since attaining its independence, the bank has provided services to a much larger population than before and it has begun to
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Postal Savings Bank of China


. During the Global Financial Crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China’s credit cooperatives in their microcredit schemes. On December 8, 2015, China Postal Savings Bank, through issuing pro-float stock, received an injection of investment from the Temasek Holdings of Singapore, UBS, the Canada Pension Plan Investment
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Postal savings system


The current partnership is with Bank of Brazil. In Bulgaria, the postal banking system was a subsidiary of Bulgarian Posts until 1991, when Bulgarian Postbank was created. In the years that followed, Bulgarian Postbank was privatized and the relationship between post offices and bank offices became weaker. Postal banking services ceased to be available in post offices in 2011. Canada Post offered banking services via its Post Office Savings Bank, created by the Post Office Act in April 1868, less than a year following the nation's confederation. A century
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Postal savings system


Zealand investors a place to deposit their savings. This included the provision of children's savings accounts known as Post Office Squirrel savings account. The Post Office Savings bank was split into PostBank in 1987 and was acquired by a commercial bank two years later ending the bank. In 2002 the New Zealand government created a new state owned post bank called Kiwibank as part of the New Zealand Post to again establish a postal savings system. Postbanken was founded in 1948 after major political battle as Norges Postsparebank, however the maximum amount allowed to
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Postal savings system


agencies and delivery centers. Korea Post ATM is connected with all national and regional banks via KFTC. Banking counter is also opened for Korea Development Bank, Industrial Bank, Citibank Korea, and Jeonbuk Bank customers. In 1881 the Dutch government founded the Rijkspostspaarbank (National Postal Savings Bank). In 1986 it was privatised, together with the Postgiro service, as the Postbank N.V. Postbank merged with a commercial bank that would eventually become ING Bank. Post Office Savings Bank was established in 1867 by the New Zealand government to give New
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Postal savings system


Ireland, An Post ran Postbank between 2006 and its closure in 2010, that was a joint venture with Fortis Bank Belgium. Israel's postal service Israel Postal Company offers utility payment, savings and checking accounts, as well as foreign currency exchange services from all post offices. Japan Post Bank, part of the post office was the world's largest savings bank with 198 trillion yen (US$1.7 trillion) of deposits as of 2006, much from conservative, risk-averse citizens. The government was criticized for using these funds
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Overseas Filipino Bank


The Overseas Filipino Bank (OFBank) is the state-owned bank in the Philippines. Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks (the others being Land Bank of the Philippines and Development Bank of the Philippines), and is the 16th largest thrift banks in terms of assets. Since 2018, it has been owned by the Land Bank. Established as Philippine Postal Savings Bank in 1906, the bank was closed in 1976
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Bank Tabungan Negara


banking services. Bank Tabungan Negara was established in 1897 as a postal savings bank under the name Postspaarbank, with its headquarters located in Batavia. During the Japanese occupation of Indonesia, the bank was frozen and replaced with the After the proclamation of Indonesian independence, the bank was taken over by the Indonesian government on 9 February 1950 under the Emergency Law No.9 and renamed ""Bank Tabungan Pos"" (Postal Savings Bank). In 1963 the bank's current name, Bank Tabungan Negara, was adopted. Bank BTN became
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United States Postal Savings System


billion in deposits. The system originally had a natural advantage over deposit-taking private banks because the deposits were always backed by "the full faith and credit of the United States Government." However, because the establishment of the Federal Deposit Insurance Corporation gave a guarantee to depositors in private banks, the Postal Savings System lost its natural advantage in trust. The rise of United States Savings Bonds during and after World War II also drew funds away from the Postal Savings System. From 1921, depositors were fingerprinted. This was
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United States Postal Service


electronic replacements. From 1911 to 1967, the Postal Service also operated the United States Postal Savings System, not unlike a savings and loan association with the amount of the deposit limited. A January 2014 report by the Inspector General of the USPS suggested that the agency could earn $8.9 billion per year in revenue by providing financial services, especially in areas where there are no local banks but there is a local post office, and to customers who currently do not have bank accounts. The Postal Service is the nation's second
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Postal savings system


Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in
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Public bank


rather than competitors, with local private financial institutions. Public savings banks, such as postal banks, typically offer individual savings accounts, savings bonds, remittances and other services. Around three out of four postal systems worldwide offer such banking services, and such a system existed in the United States from 1911 to 1967. In the ancient world, prior to the emergence of price-adjusting markets, temples provided and oversaw weights and measures critical to exchange. The expanded legal regime of Mesopotamia included price administration and fixed interest rates set
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Österreichische Postsparkasse


the Austro-Hungarian Bank and other foreign postal savings bank throughout Europe. In 1906 the new headquarters in Vienna designed by the architect Otto Wagner was constructed. It is located at what is today Georg-Coch-Platz in the first district Innere Stadt along the Ringstraße boulevard. The building is one of the most important examples of Viennese Jugendstil which is also known as The Vienna Secession. Its clear lines and the cool elegance, which is achieved by the usage of steel, concrete and glass, give the building a solid
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Tanzania Postal Bank


The Tanzania Postal Bank Plc. is a licensed commercial bank in Tanzania and one has the roots of one of the oldest banking institutions in the country. The bank traces its roots to the Tanganyika Post office Savings Bank, which then formed an entirely independent entity from the Tanzania Posts Corporation. In 2017 the bank aimed to list itself on the Dar es Salaam Stock Exchange and officially transformed into a Public limited company. In 1925 the Tanganyika Post Office Savings Bank Ordinance was passed by the British Colonial government that established the Tanganyika Post
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Modern architecture


of the stage. Otto Wagner, in Vienna, was another pioneer of the new style. In his book "Moderne Architektur" (1895) he had called for a more rationalist style of architecture, based on "modern life". He designed a stylized ornamental metro station at Karlsplatz in Vienna (1888–89), then an ornamental Art Nouveau residence, Majolika House (1898), before moving to a much more geometric and simplified style, without ornament, in the Austrian Postal Savings Bank (1904–1906). Wagner declared
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Austrian Postal Savings Bank


material itself. The frosted glass skylight is pierced by steel columns, their slim design making them as unobstructive to the falling light as possible. The hall is one of Otto Wagner's famous works, and one of the finest examples of the Viennese Secession. The building's office space is divided according to the axis of the outside windows, again making use of natural light as much as possible. The interior walls are non-load-bearing, and can therefore be re-arranged according to need, a feature that
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BotswanaPost


replaced the runners on foot. In the late 1990s the Botswana postal department acquired its own fleet of vehicles to carry mail and parcels. The postal department that the missionaries established in the late 19th Century evolved into the Bechuanaland Protectorate Postal Services. At Botswana's independence in 1966, it was rebranded into the Department of Posts and Telegraphs. At that time the services offered included the Post Office Savings Bank. In 1980, the Botswana Telecommunications Corporation was spun off as an independent parastatal. Two years later, Botswana Savings Bank was
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Austrian Postal Savings Bank


. The 4.3 meters high sculptures, for the first time made of cast aluminum and located on the attica of the building are work of Wagner long time collaborator Othmar Schimkowitz. The glass windows are partly a work of Leopold Forstner. Through the main entrance at Georg-Coch-Platz the visitor ascends a flight of stairs to the grand "Kassenhalle", where customer services are located. The main hall is thus effectively on the first floor. The hall is designed like an atrium, with a large glass skylight allowing natural
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Austrian Postal Savings Bank


light to enter the heart of the building at all times. Natural light is not used only for stylistic reasons, but also to reduce the cost of electric lighting. Even the floor of the main hall is constructed of glass tiles, allowing natural light to reach further down to the floor below, where the Post Office boxes and mail sorting rooms are located. Wagner kept decoration in the main hall minimal, using only glass and polished steel as materials. The decorative effect is created by the simple but elegant use of the
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National Savings Bank (Sri Lanka)


National Savings Bank (NSB), is a state-owned Savings Bank in Sri Lanka. It was incorporated in Ceylon by the "National Savings Bank Act No. 30" of 1971 and was granted the status of the Licensed Specialised Bank in terms of the "Banking Act No. 30 "of 1988. NSB has 255 branches. It also carries out postal banking with the cooperation of 643 post offices and 3,4012 sub-post offices of the Sri Lanka Post. Head Office: "Savings House"; 255,
2613870
ODDO BHF


. The bank was formed on 1 January 1970 as the Berliner Handels- und Frankfurter Bank from the merger of the Frankfurter Bank (founded in 1854) and the Berliner Handels-Gesellschaft (founded in 1856). In 1970, when the BHF-Bank tower was built by the German architect Sep Ruf, it was the highest building in Frankfurt. The banks changed its name to BHF-Bank in 1975. Through the 1970s and 1980s it was in the top three to five investment banks in West Germany and had a top
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United States Postal Savings System


initially 'not to be associated with criminology' but in some instances the "Yours Truly, Johnny Dollar" radio show in the early 1950s suggests Postal Savings account fingerprints were used for positive identification in criminal cases. According to a 2019 analysis, "the program was initially used by non-farming immigrant populations for short-term saving, then as a safe haven during the Great Depression, and finally as long-term investment for the wealthy during the 1940s... Postal Savings was only a partial substitute for traditional banks,
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Britomart Transport Centre


main chamber of Britomart is one of the best interiors in New Zealand and shows the influence of the main hall of the Austrian Postal Savings Bank building by Otto Wagner. The station opened to passengers on 7 July 2003, with the official opening on 25 July 2003 by Sir Edmund Hillary and government ministers. Services to the Beach Road terminus ceased, except for some peak-time commuter services and excursion trains using the former Platform 4 (originally Platform 7), renamed 'The Strand'. The commuter services ceased after a
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Postal Savings Bank of China


Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31 2017, PSBC has 39,798 branches covering all regions of China. PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 billion in deposits and the second largest number of branches, after the Agricultural Bank of China
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Paper money of the Hungarian korona


serial number (1 K: higher than 7000; 2 K: higher than 7000; 25 K: higher than 3000; 200 K: higher than 2000). After the fall of the Soviet Republic, Vienna declared these banknotes to be counterfeits. The Postal Savings Bank notes ("Postatakarékpénztári jegy") were issued under the decree of the Revolutionary Governing Council of the Hungarian Soviet Republic by the "Magyar Postatakarékpénztár" (Hungarian Postal Savings Bank), which was acting as the emission bank of Hungary then. The prewar
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United States Post Office Department


until July 1, 1967, the United States Post Office Department operated the United States Postal Savings System. An Act of Congress of June 25, 1910, established the Postal Savings System in designated Post Offices, effective January 1, 1911. The legislation aimed to get money out of hiding, attract the savings of immigrants accustomed to the postal savings system in their native countries, provide safe depositories for people who had lost confidence in banks, and furnish more convenient depositories for working people. The law establishing the system directed the
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Postal savings system


zero value and made it as a subsidiary. It is now known as Overseas Filipino Bank. In Portugal, the CTT own 100% of the Banco CTT, which has been operating since 2015 throughout Portugal. POSB Bank of Singapore, stands for Post Office Savings Bank. Now part of DBS Bank (Development Bank of Singapore). Postbank (South Africa), operated by the South African Post Office (SAPO). Offers transactional, savings, investments, insurance & pension banking services. In Sri Lanka, National Savings
8645389
Saradha Group financial scandal


from formal banking systems. However, this does not address the former issue of being able to save their money easily, keep it in safekeeping and invest it so that it grows. While post offices have tried to address this through postal savings banks, people are often lured by Ponzi schemes that promise much higher returns. The relatively prosperous rural economy of West Bengal had previously relied on small savings schemes run by the Indian Postal Service. However, low rates of interest in the 1980s and 1990s encouraged the rise of several Ponzi
20141077
Forbes Post Office


Office is also linked with the establishment of a branch of the Government Savings Bank in the town in 1871 in the original post office. The form and scale of Forbes Post Office also reflects the continued population growth during the 1870s and the confidence in the future of the town. Forbes Post Office provides evidence of the changing nature of postal and telecommunications practices in New South Wales. Forbes Post Office was designed by the NSW Colonial Architect's Office under James Barnet, a key practitioner of the Victorian Italianate style of architecture. The
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Postal savings system


Bank and Sri Lanka Post provide banking services through post offices. In Taiwan, the Chunghwa Post provides savings accounts and Visa debit card services in the Free Area of the Republic of China. Between 1 April 1929 to 31 March 1947, the Post and Telegraph Department of the Ministry of Commerce and Transportation of Thailand has run Saving Office before becoming Government Savings Bank (GSB) Lien Viet Post Joint Stock Commercial Bank or LienVietPostBank (LPB), formerly known as LienVietBank, is a Vietnamese retail bank that provides banking products and services
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Deutsche Postbank


Postbank – eine Niederlassung der DB Privat- und Firmenkundenbank AG is a German retail bank, which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990. Since May 2018, it operates as a brand of Deutsche Bank's retail arm. It serves 13 million customers in around 1,000 branches and 700 advisory centers. The "Postscheckdienst" was introduced in 1909 by the German Reich establishing accounts for payment transactions by mail and linking postal and banking services in German states. In 1990, following the German Postal Services
9212104
PostBank


PostBank (trading name of Post Office Bank Limited), was a bank owned by the New Zealand Government as the government's postal savings system. The origins of the bank were established in 1867; it became PostBank in 1987 and was disestablished and the branches were rebranded when it was acquired by Australia and New Zealand Banking Group in 1989. PostBank was formed when the New Zealand Post Office (a former Government Department) was split up by the "Postal Services Act 1987" into Post Office Bank Ltd (trading as PostBank
21772933
Kerang Post Office


. Consequently, the population had increased to over 1000 by 1891. Formal postal services to the Kerang district were first established in 1875. A contract was let for the present building in 1885, which replaced an earlier post office and savings bank (1877). Kerang Post Office site includes both a post office and residence. The present building was designed by the Victorian Colonial Architect, George William Watson, and built in 1886. In 1925-7, unidentified alterations and additions were undertaken, possibly including external sunblinds to front
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Kiama Post Office


for the erection of fencing, gates and other works for the office. On 12 January 1879 Postal Inspector Davies forwarded another list of required fittings, which was referred to the Colonial Architect. Davies reported again in April on the building stating that arrangements for posting letters in the new building were unsafe, and that there was no provision to transact money orders or Government Savings Bank business. By December 1879 the new building was still unoccupied despite having been completed for over a year. On 6 January 1880 the Postmaster Mr Tyter advised
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ERSTE Foundation


ERSTE Foundation (in German DIE ERSTE österreichische Spar-Casse Privatstiftung or in short: ERSTE Stiftung) is the biggest Austrian savings bank foundation. In 2003, it evolved from the Erste Oesterreichische Spar-Casse, the first Austrian savings bank founded in 1819. It is the main shareholder of Erste Group. ERSTE Foundation uses the profit from its shares to support the development of societies in Central and South Eastern Europe. ERSTE Foundation is active in Central and South Eastern Europe. Its mission goes back to the savings banks idea of
8963059
Sep Ruf


1593 to 1596. In the 17th century it was called the Herzog-Max-Burg. After it was destroyed in World War II., only the renaissance-tower was still standing. The city asked some architects to find ideas for the place and allowed to destroy the old tower. Only Ruf and Theo Papst were the two architects, who wanted to save it. So both got the order to build the New Maxburg. The steel skeleton building followed the structure of the tower and in the middle of the buildings
20990484
PKO Bank Polski


Poland, in Second World War, Bank Polski operated under German management. In 1945, the cash register activity was resumed. On January 1, 1950, the Postal Savings Fund was liquidated, and its agencies were taken over by the Universal Savings Bank (). In 1974, the PKO offer was enriched with a savings and settlement account for natural persons (commonly known as ROR). From 1975 to 1987, the PKO branches operated within the structures of the National Bank of Poland, retaining their identity. On November
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Philippine Postal Corporation


-making body is the board of directors, headed by its chairman, Mr. Norman Fulgencio. The board of directors is composed of seven members, including the postmaster general, who serves simultaneously as the chief executive officer. Previously an attached agency of the Department of Transportation and Communications (DOTC) and the Commission on Information and Communication Technology (CICT), the Philippine Postal Corporation is under the direct jurisdiction of the Office of the President of the Philippines. The Overseas Filipino Bank, previously the Philippine Postal Savings Bank, is
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Postal savings system


, this was followed by many other countries over the next 50 years. The later part of the 20th century saw a reversal where these systems were abolished or privatized. In Austria, the Österreichische Post used to own the Österreichische Postsparkasse (P.S.K.). This financial institute was bought and merged by the BAWAG in 2005. Brazil instituted a postal banking system in 2002, where the national postal service (ECT) formed a partnership with the largest private bank in the country (Bradesco) to provide financial services at post offices.
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Postal savings system


savings accounts based on its brand, and is operated by the Bank of Ireland, a commercial bank, and "Family Investments", a friendly society. The Post Office branded services are similar to some of National Savings and Investments' services, and include instant savings, Individual Savings Accounts, seasonal savings and savings bonds. Post Office Ltd also provides a "Post Office card account" that accepts only direct deposits of certain state pension and welfare payments, permitting cash withdrawals over the counter. This last account is offered in
8645392
History of banking


that led on to the credit union movement. The traditional banks had viewed poor and rural communities as unbankable because of very small, seasonal flows of cash and very limited human resources. In the history of credit unions the concepts of cooperative banking spread through northern Europe and onto the US at the turn of the 20th century under a wide range of different names. To provide depositors who did not have access to banks a safe, convenient method to save money and to promote saving among the poor, the postal savings system was
13295014
Payday loan


they are less risky to the lender. If the borrower defaults, then the lender can attempt to recover costs by repossessing and reselling the car. Many countries offer basic banking services through their postal systems. The United States Post Office Department offered such as service in the past. Called the United States Postal Savings System it was discontinued in 1967. In January 2014 the Office of the Inspector General of the United States Postal Service issued a white paper suggesting that the USPS could offer banking services, to include small dollar loans for
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United States House Committee on Post Office and Post Roads


roads; the acquisition, lease, or transfer of realty or facilities for postal purposes; and certain aspects of the employment and management of postal employees, such as the pay and leave of letter carriers, and the settlement of claims brought by employees or contractors. It included the regulation of the Postal Service, including postal rates, the franking privilege, and the printing of stamped envelopes. At various times the Railway Mail Service, ocean mail service, pneumatic tube service, postal savings banks, postal telegraphy, the Air Mail
11471654
Kazpost


taxes was 140 million tenge, the amount of accumulated losses from previous years over the years amounted to more than 250.6 million tenge. Development Programme of the postal industry and the formation of the postal savings system of 2000-2003, laid the foundation in Kazakhstan postal savings system based on the retail network of post offices. As a source of funding for its implementation has served the Islamic Development Bank loan in the amount of U.S. $9 million under the state guarantees, domestic bond issue in the amount of 1.4 billion tenge,
7623931
POSB Bank


savings accounts, and to exempt children, full-time students below the age of 21 years and full-time National Servicemen from bank charges. Founded on January 1, 1877 as the "Post Office Savings Bank (POSB)", the bank was part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens. Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General
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National Savings and Investments


attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. National Savings and Investments was founded by the Palmerston government in 1861 as the Post Office Savings Bank, the world's first postal savings system. The aim of the bank was to allow ordinary workers a facility "to provide for themselves against adversity and ill-health", and to provide the government with access to debt funding. As an example, savings certificates were issued in World
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Postal savings system


through its own transaction points across 42 cities and provinces and 1,031 postal transaction offices nationwide. LienVietPostBank is considered to be in the top 10 biggest banks in terms of assets and equity [2] and ranked 36th in VNR500 -Top 500 largest private companies in Vietnam in 2013. The Bank is striving to become the bank for everyone in Vietnam by focusing on banking products for households and small and medium enterprises especially in the agriculture sector, and expanding its activities to rural and remote areas via the post. The Post Office Ltd offers
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Japan Post


October 2005. It officially abolished Japan Post, with its branches broken up into a shareholding company and four other companies for postal service, postal savings, postal life insurance, and post office service networks. The legislation provided a 10-year transition period wherein the savings and insurance companies would be fully privatized while the government would still continue to be involved with the three other companies. The law also stated that Japan Post Bank and Japan Post Insurance are to go public in 2010 and their shares would be made available to the market two
3026063
Latvijas Krājbanka


Latvijas Krājbanka (,) is a Latvian bank listed on the Riga OMX exchange. The bank dates back to 1924 when it was founded as the Latvian Postal Savings Bank. Operations of the savings bank continued in various forms during the Soviet period, and following the regained Latvian independence the privatisation process of the bank was initiated 1997 and concluded 2003. The main shareholders are Lithuanian based Snoras banking group and the Russian businessman Vladimir Antonov. In 2009, Latvijas Krājbanka had a turnover revenue of 34.6 million Latvian lats with a loss of
6812622
Philippine Postal Corporation


overhaul of the Philippine bureaucracy in 1987, the Bureau of Posts was renamed the Postal Service Office (PSO) by Executive Order No. 125, issued by President Corazon Aquino on 13 April 1987. It was also that order that placed the PSO under the DOTC. On 2 April 1992, by Republic Act No. 7354 the Postal Service Office became the present-day PHLPost. The law also granted the Philippines Postal Corporation, the authority to reopen the Philippine Postal Savings Bank, which occurred on 21 July 1994 by President
17906215
Payday loans in the United States


Operation Sunset, which aggressively pursues lenders who violate the lending cap. The expiration of the law caused many payday loan companies to shut down their Arizona operations, notably Advance America. Many countries offer basic banking services through their postal systems. The United States Post Office Department offered such a service in the past. Called the United States Postal Savings System it was discontinued in 1967. In January 2014 the Office of the Inspector General of the United States Postal Service issued a white paper suggesting that the USPS could offer banking services,
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India Post Payments Bank


₹1435 crore (~ $200 million) for setting up the bank. India Post Payments Banks offers savings accounts, money transfer and insurances through the third parties, bill and utility payments. The Bank will reach to rural and far-flung areas of the country, delivering banking services to the doorstep of every Indian India Post Payments Bank has been allowed to link around 17 crore postal savings bank (PSB) accounts with its accounts. The government aims to link all the 1.55 lakh post offices to the IPP Bank system by
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Österreichische Postsparkasse


and first director of the bank. The first headquarters of the "k.k. Postsparcassen-Amt" (Imperial-Royal Postal Savings Office) was opened on 12 January 1883 in the former Dominican Monastery building on Wollzeile street in the first Viennese district Innere Stadt. About 4,000 post office branches located throughout the Austro-Hungarian Empire began offering their postal savings service to customers. The idea behind offering financial services at post offices was to promote public awareness and encourage saving. The added benefit of the system was to make important funds
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Pierre Mauroy


1 000 were entitled to hold a maximum of FF 10000 (FF 20000 for households) savings in that scheme. Also in 1982, holidays for the low-paid were encouraged by an extension of holiday Vouchers (Cheques-Vacances), subsidized by the employer and requiring regular saving out of earnings. A banking law of January 1984 entitled individuals lacking current accounts who had been refused by three banks to ask the Bank of France to designate a bank or the postal bank to provide them with free accounts. An Act of
15030222
Groupe Caisse d'Épargne


Groupe Caisse d'épargne is a French semi-cooperative banking group, founded in 1818, with around 4700 branches in the country. The group is active in retail and private banking, as well as holding a significant stake in the publicly traded investment bank Natixis. The group's most notable brand is the "Caisse d'épargne" network of mutual savings banks. Along with La Banque Postale and Crédit Mutuel, the bank shared the rights to offer the popular Livret A savings accounts, backed by the French government until January 1, 2009
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Cassa di Risparmio della Marca Trivigiana


() of the city was founded by the local mount of piety in 1822, at that time still part of the Kingdom of Lombardy–Venetia of the Austrian Empire. Similar savings bank was also founded in other cities of modern Veneto region (as well as in Lombardy) by the Austrian government, such as Venice, Verona, Vicenza, Rovigo and Padua in the 1820s. The savings bank of Vienna, in the capital of the Empire, was founded in 1819. After the unification of Italy, in 1866,
9930259
Tanzania Posts Corporation


established the Tanzania Posts and Telecommunications Corporation (TP&TC). On December 31, 1993, the parliament enacted multiple laws to help deregulate the operations of posts and telecommunications to increase their autonomy and efficiency. Following this three new independent organizations were created. The Tanzania Postal Bank was formed before the TPC however, the banking division was part of the Tanzania Posts and Telecommunications Corporation (TP&TC). However, from 1 March 1992, the Tanzania postal bank was established as a successor to the Tanganyika Post office Savings which was established by
13971693
Osvald Polívka


Osvald Polívka (24 May 1859 in Enns – 30 April 1931 in Prague) was an Austrian-born Czech architect associated with the Secession / Art Nouveau period in Prague. Polívka designed many of Prague's significant landmarks of the era, plus other work in Brno and elsewhere. After graduating from Czech Polytechnic in Prague, his first important commission was a collaboration with Antonín Wiehl, the 1894 Prague City Savings Bank. Polívka's style evolved through his active years but he remained devoted to the collaborating with artists for aesthetic effect.
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India Post


senior-citizens' savings plans and time-deposit accounts. As on 31 March 2015, Post Office savings bank had a customer base of 330.3 million. Its vast network has been used to disburse payments under National Rural Employment Guarantee Act (MGNREGA). In 2013 it was revealed that the Indian postal service had formulated plans to enter the banking industry after RBI guidelines for the issuance of new banking licenses were released. Eventually they are planning to open a Post Bank of India, an independent banking service. In August 2015
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Pos Malaysia


, newspapers and business documents. The postal service soon evolved into a multiple services provider. It began to venture into parcel delivery, registrations, insurance service, transaction of money (postal order & money order) and investment of funds (Post Office Saving Bank). The postal service, then known as Jabatan Perkhidmatan Pos – Postal Services Department (PSD), also began to take over numerous services on behalf of the Government departments. It started to collect payment of electricity bill, sale of dog licence, payment of pensions
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Postage stamps and postal history of India


-operated postal system, simply referred to within India as "the post office". With its far-flung reach and its presence in remote areas, the Indian postal service provides many services such as small savings banking and financial services. As of 31 March 2011, the Indian Postal Service has 154,866 post offices, of which 139,040 (89.78%) are in rural areas and 15,826 (10.22%) are in urban areas. It has 25,464 departmental POs and 129,402 ED BPOs. At the time of independence, there
770397
Singapore Post


the development in the history of the Singapore postal service. Services were extended to include a parcel post service, money order and postal order services and a post office savings bank. 1897 saw the establishment of the first sub-post offices, and by 1938, some 20 sub-post offices were already providing decentralised postal facilities on the island. The horse-drawn mail coaches were withdrawn and replaced by motor vans in 1914 as the mail traffic handled steadily increased. In 1982, the Postal Services Department merged with the then
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Poštanska štedionica


Poštanska štedionica (full legal name: "Banka Poštanska štedionica a.d. Beograd") is one of the largest operating banks in Serbia, majority owned by the Government of Serbia. It was founded in 1921 and its headquarters is in Belgrade, Serbia. Poštanska štedionica was founded on 26 June 1921 in Palilula, Belgrade when the law of postal savings service was implemented. By 1926 it became the main financial savings institution in Kingdom of Yugoslavia, with branches in all postal offices in the entire county. By then, it practiced
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Österreichischer Lloyd


companies, banking houses and numerous individual shareholders, among them the Austrian politician Karl Ludwig von Bruck, decided to form the Austrian Lloyd Trieste. Originally the company answered the purpose to exchange information on European maritime trade and oversea markets, modelled on Lloyd's Register in London. Relying on a network of business correspondents and newspapers circulating in the Port of Trieste, it issued shipping news and also undertook to provide postal services with sailing vessels supplied by the Austrian Navy. Within a short period of its formation, the administration applied to
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Japanese financial system


Trust Fund Bureau. The postal savings system, through the 24,000 post offices, accepted funds in various forms, including savings, annuities, and insurance. The post offices offered the highest interest rates for regular savings accounts (8% for time deposits in 1990) and tax-free savings until 1988, thereby collecting more deposits and accounts than any other institution in the world. The Japan Bank for International Cooperation (JBIC) is the only government institution with an international focus. This bank provides financing for trade between Japan and
2993946
Japan Post Bank


and in Japan Post Insurance (). About 10% of the shares in each company was offered. Postal savings was introduced to Japan in 1875 and operated as a government department until privatization of the postal service was passed under the government of Prime Minister Junichiro Koizumi. The bank was established on 1 September 2006, as part of the reorganisation of Japan Post into Japan Post Holdings. Prior to 2009, Japan Post was not connected to the Japanese Bankers Association ("Zenginkyo") payment processing network, making it impossible to
13783597
Mercantile Bancorporation


the five states that it was then operating in. The consolidation into a single bank was not completed when Mercantile was finally acquired in 1999. In November 1991, Mercantile announced the pending acquisition of the St. Joseph-based Ameribanc with its American Bank subsidiaries for $87 million in stock. The acquisition was completed in April 1992. In August 1993, Mercantile announced the pending acquisition of the St. Louis-based United Postal Bancorp with its United Postal Savings Association subsidiary for $192 million in stock. The acquisition was completed in
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Postal order


money order, which had been established by a private company in 1792. During World War I and World War II, British postal orders were temporarily declared legal tender to save paper and labour. Postal orders can be bought and redeemed at post offices in the UK, although a crossed postal order must be paid into a bank account. Until April 2006 they came in fixed denominations but due to increased popularity they were redesigned to make them more flexible and secure. They now have the payee and value added at the time of
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Maputo Post Office Building


The Maputo Post Office Building (Portuguese: "Edifício dos Correios de Maputo") is the headquarters of Correios de Moçambique, the Mozambican postal service. It was built in 1903 by the architect Carlos Rome Machado. The Portuguese State Post ("CTT Correios de Portugal"), which was responsible for both post and telecommunications in the Portuguese Mozambique, was located in the building until 1975. The building has housed the state postal company since independence. As postal service in Mozambique remains limited, the government waterworks and the Bank
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Hikkim, Himachal Pradesh


in the world. The post office connects small villages in this isolated region to the rest of the world. It receives and sends postal letters. It also acts as a savings bank where villagers can deposit money in their savings accounts or withdraw money. Intrepid travellers make it this far to Hikkim village to take pride in mailing their letters from the highest post office on Earth. The Postal Index Number or PIN of the village is 172114. Rinchen Chhering has been the postmaster since its inception in 1983.. The mail is carried
4180966
Maejima Hisoka


supporting, and to extend the modern economic system into the Japanese countryside, Maejima also created a system of postal savings banks in 1874. This system expanded to include money orders in 1875. In 1874, Maejima hired a foreign advisor, Samuel M. Bryan, to negotiate a postal treaty with the United States, and to assist in the admission of Japan into the Universal Postal Union in 1877. In 1878, Maejima was appointed to the Genrōin, and in 1879, he was appointed Vice Minister for Home Affairs. By the
19948608
BancoPosta


BancoPosta is a unit of the Italian Post Office that provides financial services, including savings, prepaid cards, exchange brokerage services, investment services, insurance, and various payment services. BancoPosta does not have a banking license and cannot directly provide loans to third parties, but is involved in the promotion and placement of public loans granted by banks and financial intermediaries. The bank services are available at all post offices in Italy. The Poste italiane always provided the postal savings deposits and offered POGIs. The BancoPosta was founded formally in
19080766
Austrian post offices in Liechtenstein


This article is about the Austrian post offices in Liechtenstein. In the 19th century the Principality of Liechtenstein had no postal service of its own. In 1818 the first post office was established in Balzers. From then on the Austrian post delivered all postal consignments. In 1845 another post office opened in the capital Vaduz. In 1852 after the introduction of postage stamps Liechtenstein's government closed a contract with Austria which regulated the execution of the postal system by Austria. This contract was renewed in 1876. Regarding the postal delivery Liechtenstein was
11379842
Ministry of Communications (India)


widely distributed post office system in the world. The large numbers are a result of a long tradition of many disparate postal systems which were unified in the Indian Union post-Independence. Owing to this far-flung reach and its presence in remote areas, the Indian postal service is also involved in other services such as small savings banking and financial services., with about 25,464 full-time and 139,040 part-time post offices. It offers a whole range of products under posts, remittance, savings, insurance and philately
5278234
History of banking


rate of two and one-half percent per year on whole pounds in the account. Similar institutions were created in a number of different countries in Europe and North America. One example was in 1881 the Dutch government created the Rijkspostspaarbank (State post savings bank), a postal savings system to encourage workers to start saving. Four decades later they added the Postcheque and Girodienst services allowing working families to make payments via post offices in the Netherlands. The first decade of the 20th century saw the Panic of 1907 in the US
13295016
Big Four (banking)


Banking Corporation, the Continental Bank and The China & South Sea Bank. These were contrasted with the Three Southern Banks of Southern China. By 1949, the Big Four banks were the Bank of China, the Bank of Communications, the Central Bank of China and the Farmers Bank of China. All four were state-owned banks. These four, together with Central Trust of China, Postal Savings and Remittance Bureau of China, Central Cooperative Treasury of China, were called the "Four Banks, Two Bureaus, One Treasury
8235674
Danske Bank


operations in Estonia. Danske Bank, formerly Sampo Bank, is Danske Bank's Finnish operations. Danske Bank Finland traces its origins back to 1887, to "Postisäästöpankki" (meaning Postal Savings Bank), a bank associated with the national post office, which accepted deposits from the public at post offices. In 1970, the company was renamed "Postipankki". In 1988, the bank became a full-service bank. It was organized as state-owned limited company. In 1997, the company merged with "Suomen
19593656
Postal savings system


1970 its name was shortened to "Postipankki" ("Post Bank"). In 1998 it was changed to a commercial bank named Leonia Bank. Later, it was merged with an insurance company to form Sampo Group, and the bank was renamed Sampo Bank. It had a few own offices, but also post offices performed its banking operations until 2000. In 2007, Sampo Bank was sold to the Danish Danske Bank. France's La Poste, similar to the UK's Post Office, offer banking services called "
8645380
Savings bank (Spain)


, F. (1975). Los montepíos laicos en el siglo XVIII. Homenaje a Don Agustín Millares Carlo Vol. 1. J. Simón Díaz. Las Palmas. Anton Ramirez, B. (1876). Montes de Piedad y Cajas de Ahorros. Reseña histórica y crítica. Madrid, Aribau y Cia. Ash, N. (1987). Cajas Cash in by Concentration. Euromoney (Supplement). Sep. Bátiz-Lazo, B. (2004). "Strategic Alliances and Competitive Edge: Insights from Spanish and UK Banking Histories
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Robert Seppings


Sir Robert Seppings, FRS (11 December 176725 April 1840) was an English naval architect. Seppings was born to Robert and Lydia Seppings at Fakenham, Norfolk, on 11 December 1767 and baptised three days later. In 1782 he was apprenticed in HMNB Devonport, Plymouth. In 1800, when he had risen to be master shipwright assistant in the yard, he invented a device which greatly reduced the time required to repair the lower portions of ships in dry dock when compared with the laborious process of lifting then in vogue.
18514390
Sparekassen for Kjøbenhavn og Omegn


1891). Ut was inaugurated on 18 November 1870. The building was by the same architects expanded Valkendorfsgade in In 1872-1873 and again in 1879. Another refurbishment of the building took place in 1911-1913 under supervision of the architects Albert Oppenheim (1879-1956) and Hans Wright (1854-1925). The savings Bank was later merged with other savings banks under the name SDS which was in turn merged into Unibank and later Nordea. These banks operated a branch in the building in Niels Hemmingsensgade until 2003
8155964
Postal orders of British North Borneo


Datu') and date of issuance ('15 SEP 1909'). An overprint in the top left-hand corner reads 'Poundage payable in British North Borneo'. The order's pre-printed postage stamp depicted Edward VII of the United Kingdom, the portrait that was typically used on definitive stamps of the United Kingdom and British colonies at that time. Any extant examples of British North Borneo postal orders are deemed to be extremely rare and highly priced. For instance, the above 1909 postal order was sold on
16697375
First County Bank


to build the first Stamford Savings Bank. The building was called "The Old Red Bank" and was constructed by architect Warren R. Briggs. In 1909, Schuyler Merritt, who became a U.S. Congressman, was elected a corporator of Stamford Savings Bank. The Merritt Parkway, a historic limited-access parkway in Fairfield County, Connecticut, was named after him. In 1961, Stamford Savings Bank opened its first branch office in Darien. The bank opened a second branch in 1968 and continued to open branches throughout the early 1980s
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