The Financial and the Economic Activity of Bond Credit Cooperatives from Interwar Oltenia
The Financial and the Economic Activity of Bond Credit Cooperatives from Interwar Oltenia

Summary/Abstract: After 1919, the importance of bond credit cooperatives increased. For both the small rural producer and the civil servant, the people bank remained the most advantageous credit institution. In the first post-war decade, the most popular banks were in the Old Kingdom, and they had to be reinvigorated on the one hand, and, on the other hand, strengthened through attracting new funds. In the interwar period, the credit cooperatives from Oltenia granted loans, especially to those who used them for productive purposes: buying animals and land, purchasing tools and seeds, etc. After 1934, we noticed a huge demand for credit from the peasants, however, the central institutions asked for caution in contracting new debts, in order to avoid the situations encountered during the years of economic crisis.

• Details
• Contents