Activities of the Banco Banco Alemán Antioqueño in Venezuela in the context of the Second World War

Abstract

On October 5, 1912, the Banco Alemán Antioqueño was founded in Bremen Antioqueño is founded in Bremen with a capital of 3,000,000 Marks (750,000 750,000 Colombian pesos) subscribed 75% by German firms and 25% by Colombian interests. and 25% by Colombian interests. The Bank is founded to respond to the needs of Antioquia's commerce and because of its links with with German trade. In May 1937, the bank opens a branch in Carneas (Venezuela) with a capital of 1,000,000 Bolívar - capital of 1,000,000 Bolívares par.i. to operate as a Banco de Comercio. In February 1942, following the severance of relations between the United States and Colombia with the 111th Reich, the German capital of the ‘del Banco de Comercio’ was transferred to Venezuela.
Reich, the German capital of the Banco Alemán Antioqueño was placed under the trusteeship of the Colombian government. under trusteeship of the Colombian government and the Caracas branch ceased to operate. Caracas branch ceased to operate. Thus German capital and German capital and trade began to disappear from Colombia, Venezuela and the rest of the world, Venezuela and the rest of the world.