Brasov Banking History. Saxon National Bank

Abstract

The banking history of the city of Brasov - belonging to the Kingdom of Transylvania/the Habsburg Empire - until the union with the Kingdom of Romania in 1918 is linked not only to the establishment of the Romanian banks/Banca Albina, but also to one of the first banks in Brasov, the Saxon National Bank. With a primary role in the development of the area, of the city, placing on the map of Țara Bârsei this important commercial hub that was the city of Brașov, B.N.S. managed to operate from 1835 until the nationalization in 1948. It represented a model of functioning, organization, style, and respect for the community.