Anglo-Czechoslovak and Prague Credit Bank
[2] Following the collapse of the Habsburg Monarchy in late 1918, more than 50% of the bank's assets were in what became Czechoslovakia and Yugoslavia, and 45 percent of its capital was held by Czechoslovak shareholders.
Montagu Norman then negotiated an exemption from Czechoslovakia's policy of "nostrification" of the banking sector, allowing it to retain control of its Czech operations even though it placed them in a newly formed subsidiary, the Anglo-Czechoslovak Bank formally established on 12 April 1922.
[7] In the 1920s, the Anglo-Czechoslovak Bank commissioned architect Josef Gočár for the remodeling of its head office in Prague, in the Sweerts-Sporck Palace [cs] which it had acquired in the early 20th century, and for the building of new branches in several Czechoslovak cities, including a notable exemplar of Czech Cubism at the Anglobanka branch building [cs] in Hradec Králové.
[9] The property was purchased in 2011 by developer SEBRE, which branded it the Spork Palace after renovating it from 2014 to 2018 on an award-winning design by architect Stanislav Fiala [cs].
[17]: 158 The Czech Commercial Bank was created in 1921 from the nostrification of the operations of Vienna-based Mercurbank in Czechoslovakia.
Given the bank's lingering fragility in the late 1920s, its directors welcomed the prospect of merger.
[21] In late 1938, the bank ceded its operations in the annexed Sudetenland to the Allgemeine Deutsche Credit-Anstalt [de].
By then, it maintained international branches in Belgrade, Bratislava, Bucharest, London, New York, Paris, and Sofia, as well as in 20 locations in Bohemia-Moravia.
