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Published in:
Introduction: The Development of International Banking in Asia Read chapter Read first chapter

2020 | OriginalPaper | Chapter

9. German International Banks in East Asia (1889–1913)

Author : Motoaki Akagawa

Published in: The Development of International Banking in Asia

Publisher: Springer Japan

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Abstract

In this paper, the development in and withdrawal from Asia of the Deutsche Bank and the development and characteristics of the Deutsch-Asiatische Bank (hereinafter, DAB), also in Asia, are analysed. On DBA, the analysis is based on the newly explored archival materials, which are original financial statements of the bank in 1906. DBA’s headquarter was established in Shanghai, which was an economic centre in Asia linked to the international market. On the other hand, due to its Articles of Association, the DBA’s overall corporate governance was determined in Berlin. During the steady development of the economic situation in Asia, the core banking operations of the DAB were foreign exchange business and trade-related lending to European trading companies, comprador capitalists, and local financial institutions, while in Shangdong Province, the German settlement in China, the DAB established close relationships with the railway and mining managements. As an outcome of business activities in 1906, the DAB generated almost all profits based mainly on foreign exchange revenue. In detail, the Shanghai, Tientsin, Berlin, Tingtau, Hong Kong and Yokohama offices earned profits. Thus, the role of the DBA was important not only from the perspective of the imperialism theory constrained by capital export but also from the perspective of establishing trade finance infrastructure.

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next chapter American International Banking in Asia: The Case of IBC in China
Footnotes
1
Müller and Forst (2007), pp. 12, 15.
 
2
Pohl (1988a), Whale (1930), p. 16.
 
3
Seidenzahl (1970).
 
4
Pohl (1988c).
 
5
Plumpe (2004).
 
6
Pohl (1988b), Barth (1995), pp. 20–21, Rosendorf (1940), p. 104.
 
7
Bauert-Keetman (1988), p. 8.
 
8
Gall et al. (1995), pp. 22–23.
 
9
Müller-Jabusch (1940), p. 50, Plumpe (2004), pp. 35–36.
 
10
Wolff (1930), pp.39-40 and p.50, and Disconto-Gesellschaft (1901), pp.84–85.
 
11
King (1991).
 
12
Bauert-Keetman (1988), pp. 25–34.
 
13
Müller-Jabusch (1940), pp. 31–2, 72–3, and Das Ziffernwerk, Aktiva, and Otto (1910).
 
14
Whale (1968), pp. 73.
 
15
Plumpe (2004), p. 45.
 
16
Protokoll der Sitzung des Geschaefts-Ausschusses der Deutsch Asiatische Bank vom 26 Aug. 1906, Plumpe (2008), pp. 19, 20. The Committee members other than main members, according to available protocol, were Müller, W. from Dresdner Bank, Mendelssohn, R. V. from Mendelssohn & Co., Oppenheim, H., from Rob. Warchauer & Co., Fürstnberg, C. from Berliner Handels-Gesellschaft and Blaschke, A. from Bleichroeder.
 
17
Müller-Jabusch (1940), pp. 52–53.
 
18
Based on the remaining protocols, the Committee’s holding was as follows: In 1909, on January 6, February 3, March 3, April 29, May 25, June 20, July 18, October 13, November 19 and 20; in 1910, February 9, March 8, April 13, May 18, June 28, July 28, September 13, December 6, and so on. Evidently, the Committee was regularly held almost once a month (Drawing up by means of the concerned year of Protokoll der Sitzung des Geschäfts-ausschusses der Deutsch Asiatische Bank).
 
19
Müller-Jabusch (1940), p. 223.
 
20
Deutsch-Asiatische Bank (1894, 1897–1913), Geschaefts-Bericht für das Jahr 1909–1911.
 
21
Tomioka (1916), pp. 353, 369–371.
 
22
Unit: Shanghai Tael
Maturity dates of deposit
1912
1913
Within 7 days
1,172,006.33
1,690,052.08
From 7 days to 3 months
3,493,714.81
2,615,756.33
Over 3 months
7,178,794.88
5,820,643.85
Total
11,844,516.00
10,126,452.26
Source Deutsch-Asiatische Bank (1894, 1897–1913), Geschäfts-Bericht für das Jahr 1912–1913
 
23
Deutsch-Asiatische Bank (1906a, 1907) and Protokoll der Sitzung des Geschäfts-Ausschusses der Deutsch-Asiatischen Bank von 24. Mai 1907.
 
24
For the discussion of the Deutsch-Asiatische Bank, I changed all references of ‘branch’ to ‘branch office’, so that the term ‘offices’ can be used to refer to the Shanghai head office and the individual branches.
 
25
Tokai Bank (1967), pp. 294–299.
 
26
Ando (1957), pp. 393–395.
 
Literature
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Metadata
Title
German International Banks in East Asia (1889–1913)
Author
Motoaki Akagawa
Copyright Year
2020
Publisher
Springer Japan
Book
The Development of International Banking in Asia

Print ISBN: 978-4-431-55614-5

Electronic ISBN: 978-4-431-55615-2

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-4-431-55615-2_9

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