Bavarian State Bank

[1] In 1780, Margrave Alexander of Brandenburg-Ansbach, inspired by the example of the Prussian Royal Bank in Berlin, founded the Hochfürstlich-Brandenburg-Anspach-Bayreuthische Hofbanco (lit.

'Princely Court Bank of Brandenburg-Anspach-Bayreuth') in Ansbach, using a small amount of 15,000 guilders as operating capital.

The margrave resorted to this plan for economic reasons, as he wanted to avoid the fees charged by the foreign banks and access the aid funds provided by England for his soldier trade.

In 1792, the Principality of Ansbach was taken over by Prussia and the bank was renamed Königlich Preußische Banco in Franken.

It opened operations in Würzburg in 1835, then in Augsburg and Munich in 1875, the latter known as the Royal Subsidiary Bank (German: Königliche Filialbank).