GARANTIE - AND KREDITBANK, MAGDEBURG

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R011400070003-9
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 4
• Document Creation Date: December 15, 2016
• Document Release Date: September 28, 2001
• Sequence Number: 3
• Publication Date: April 21, 1952
• Content Type: REPORT

CLASSIF(.;ATION f,LCURITY Pol T10/I
Approvede/9,5-Wwippitill3lief :1/9 NityP82-0045eftwoRep
1NF43RMATION REPORT co wa
Germany (Jiussian Zone)-
SUAJE',IT
? PUCE
.ACO-JIRED
DA1 E OF
INF). .
Garantie und (redjtbanks Magdeburg
\**\,
4
%N.,:.,'?
.. ..,..... .
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DATE DISTR. 21 April 1952
NO. OF PAGES 3
NO. OF ENCLS.
(LISTED CLOW)
.S4PP1EMENT TO
, REP-ORT NO
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Tht) uurante- unk! t,redithank ligdeburg Is
rX4.11,1i3i.,.:,agerstrasse
aze Jvtbh Th t other
LeipTi.g, GAB D.;leellen art X,M.'ort The
Sd1014aa ntli thesLmms.:* '_J97A lotttlr
Th.-.ef.14.)ensle 1,
a brant office o the Uasrtte
1,14asidae
four branohes are GU
Magdeburg bran= ic was
it was transferre4 to Magq?e'clurg?
DirersG7neral of GE.B Magdeb-Arg a Kussian, N, M, La_ gin, NikAa
Alexeevidli
r;hief Bookkeeper,, The post of Chief Credit InispecAor
Is he:A, by Veseiii VlaSeovi-elitechanko They are the oray Russians
4kingin the Maildeburg orawA, telIch employs 21 Gernans,,
The ba:nti Ivls four depari'menit,-s:
deart...lent hJkade by Obert.thPltr:R!..chtrd Pech?
b '/,Operative Abteilung), headed by Gisela 5trauer9
e bant,s cash burtness?
Thpartmnt, healbed by Levehenkoo Lewhenkogs dey.ity in this
dNpsrtat is an air
? 1)o.J=eTT depaent, headd Vielmath i?ratii,es the e.:tport,
TO1w4ing is a l'Ot, of ao:oults adn'4.civtered by G:CB Magdeurg; .
-1?,tt 71:11mA7An. worics (formerly.' Krupp?Gruson) of SAG AMO, Magdeburg
it WOrKS, (former :,7 Ouckau-Wolf) fat SAG NO,. Magdebucg
? :Imsm 4orks AU AMO,, Maoleburg
? Ketauen ot 3AG MOMgdoourg
? AMO Cental HeaOouarters,, MagOeburg
AU AMO Central Construction uff:iie? Magd.01A7g
De.mtra Magdsburg
nerumpbt adeba?f.7
Karl Marx. wo.T.As Jormerly :kthilffer und Budenberg) c.f SAG Transmasih,
Magdetvrg
Gerkebau So4mebtak of? SAG AMO
Neptuza c4ilpyav.da of Lig: AMO, lo.stock
?c17.1a, 5e$7au of SAG AMO
Ei3en- iM,A'ytenwerk Thal*c EAG N77T7
1 a SECRE
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BEST COPY
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eeeTle
Z!Inent fabrik Nienburg of SAG ZEMENT
wierF.:aqkfabrik Nienbnrg of .5AG aEMENT
3.71tre4;or4fi1n (presumably in W?ismar)
Haw der Rarine, Wtsmar,
Havs der intarnemUnde
The forgoing list includes the regalar aeeounta administered by GKD Nagdebure*,
in additior, there are special aecounte- so called "Direktorfonds", whi-)11
bee kept for the Directors General of t]le above.lnamed enterprises (with the
exception cf the too Hauser der 2:arine). These aaeounts are at their disposition
for special nurpoves suzli as cultural and propagenda action',
GIM Magdeburg keeps account& for Russien customers only; no Reeelan military
unit, howeveT, is among ite eustemers, The branch dots not mAintain the account
of any FIN unit,
The accounts of the two Neer der Vharine* are cal: accoUnte only, All other
eustomere have cash and credit accounts,
GO Aaedeburg. is authorized to grant creditSto any- of the aceount holders. .
exeent the two Marine,, to a maximum of three Million DME, Credits in excess Of
this amount, must be appreved by CIO Central in erlin redits are granted for
a maximum of nine nenthe,
Followirg is the erocedure followed by an 5AG customer desiring a credit from
GIM Magdeburg Aoeedit application must be forwarded by the SAG works to
the bank.. The appleieation must be signed by the Direetor 'General of the plant
end by lee aussian and German Cheef Bookkeepers. Appliatioe could be made
en an rformal sheee in typewriteng until 1 January 1952. A3 of that date, it was
required made out on a special credit application form, Upon receipt of the applica-
t-.:oof the tapk seno a member ef its credit department to the firm to ascertain
1,17 the credit is necessary and if it ie fully hacked up by. seeurttiee, ro
eredit ie Franted e-Ahout adecuate security, The result of r,,his ineesfieption
reeorded in a protocol which Ln signed by the Director General and the bark
eepreseutatIve.. The protocol As 'mace in two copies; one copy is filed
ae the plant the her ore gees to the bank. Ladygin decides on the strength ef
thia proteneol whether tie redit will be greeted in total, partly erantedeor
refused
GKB Magdeburg is fully informed on the business of eh of its custcaers,
Leen euetcrer plent Must forwern a copy of its production or business plan to
the beeke ere ie is kept in the operations department. The bank also keeps,
in eredtt depertmee a sc-ealled itie list Titellistt of each works,
7h:el list, beoken down 'tato ftur pearters, contains planned eaptaL investments,
expeneitares for raw materials and all other expeneen other than selaries and
awagen. Eaeb fire must supply this list in two copies,. These po .from the
individual works to its Central Neadquerters, then to SAG Heedouarters, Berlin?
.reiesensee,
on to Noseow, then back to Central Headoearters with escow approval
or re,ection or any changes whieh ,:toseow may have 1nserte6, One copy is then
filed at Central headquarters of tne individual elante the ether one is
forwarded, to GKB :Lagdeburg,"
e***
The document department of GEE Ilagdeburg has a heavy mail traffic with Diamasch,
Thiel< ;rail packages are sent registered from the bank to Diameseh on the evening
of every business daNe
The cash of the bank is kept in a 4ault in its basement. eeeesible through to
doors. Ladyein and Bobrikov have keys to the first door, The onla keys to the
sei.orp; dooe are ie Bobrikoe's possession, The vsult is oeened *eery morning at
the sart of busieess by Ladygin and Dobrikov in the presence of German c.:.ashier
Felix 5ehellberg- The eaeh 15 then counted and part of it taken upstairs to the
asi department. At the close of ousiness, the eash left in the cast' department
is taken into the vault by the same persons.
ammo. Comment): One or two Accounts may have been omitted.
a
Ca-mment function of the auser der Marine is unknown,. They
are possibly recreation eenters for the Russian Navy.
10.S.RSItERrilet,eels.,APPA.617,45i;?COAPP,?1319Pgiggliit9AWKWa79
eagdeburg is
it is nelieved, however, that tee same nroceduie
e9 tc.) Ll t5:111,2h0,1". GKE4
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41414. Comment. Probably DIA-Maschinen.
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