Encyclopedia of Early Modern History Online

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Hypothekenbank
(678 words)

The term “Hypothekenbank” refers to a German financial institution that provides real-estate loans guaranteed by a mortgage and issues long-term bonds to finance such instruments (Mortgage). The Prussian “Landschaften” (“Regionals,” i.e. publicly owned mortgage banks) of the 18th century can be considered the first Hypothekenbanks. The first regional bank was founded in 1770 in Schleswig, which had been severely affected by the Seven Years’ War, in an effort to improve rural credit. Additional establishme…

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North, Michael, “Hypothekenbank”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 21 July 2019 <http://dx.doi.org/10.1163/2352-0272_emho_SIM_021208>
First published online: 2015
First print edition: 20180915



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