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| Home > Topics > East Asia > Gallery - The branches of Deutsch-Asiatische Bank |
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Yokohama branch
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DAB Yokohama branch |
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In 1905, the Imperial Japanese government issued several bonds - one of the reasons for DAB to go to Japan. The "Russian-Asian Bank" working in Yokohama withdrew from Yokohama after the war was lost against Japan and sold its building to DAB, which opened its branch there on November 1, 1905. After difficult initial years, the bank's business developed positively. Following the outbreak of the First World War, the branch was first able to continue its operations. On September 16, 1916, however, DAB was prohibited from conducting every activity with the exception of withdrawals of credit balances by prisoners of war. But the branch was not liquidated. Only after the end of the war did the Japanese government place all of the assets under its control in order to negotiate with the German government in connection with war reparations. Bank operations first re-opened to a sluggish start in 1922. During the disastrous earthquake catastrophe in autumn 1923, the bank building of the Yokohama branch was extensively destroyed, and the branch director, Paul Sandberg, was killed.
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