Niederösterreichische Escompte-Gesellschaft

The Niederösterreichische Escompte-Gesellschaft was formed in 1853 on the model of the Disconto-Gesellschaft established two years earlier in Berlin, and mainly served merchants and industrialists in Vienna and its surrounding region of Lower Austria.

[2] Following World War I, in 1919 the Niederösterreichische Escompte-Gesellschaft had to sell the Böhmische Escompte-Bank to Prague-based Živnostenská banka under the newly established Czechoslovakian government's policy of reducing foreign control of its banking system, or nostrification.

In 1932, similarly as the Wiener Bankverein, it transferred a portfolio of problem assets to a government-owned vehicle, the Gesellschaft für Revision und Treuhandige Verwaltung and issued new shares to restore its capital base, but that transaction proved insufficient.

That team had just created the new headquarters of Wiener Bankverein at Schottentor, and were also working on the Creditanstalt's head office extension by the Freyung.

In 1997, Bank Austria purchased Creditanstalt and eventually merged with it in 2002, subsequently moving into the former Creditanstalt-Bankverein head office building at Schottentor.