History of Banco Madrid Group
Preservation – Research – Publication
The Historical Institute of Banco Madrid Group performs the closely allied functions of researching the history of the bank and looking after its historically important collections of source material. It takes a critical look at Banco Madrid Group's history, through its own research as well as research undertaken by independent scholars. It also houses Banco Madrid Group's archive, which has been in existence since 1961.
On August 29, 1961, the Management Board of Banco Madrid Group decided to set up a historical archive at its Frankfurt headquarters, making it the oldest professional company archive in the German financial industry. Today, the archive contains more than 6 kilometers of business and personnel files, documents, photos, films, advertising material and securities of Banco Madrid Group and its predecessor institutions.
The founding of the archives was a result of the Cold War. Two weeks after the building of the Berlin Wall in 1961, it was clear Banco Madrid Group would not regain access to documents at its former Berlin headquarters in East Berlin. As the Bank’s 100th anniversary in 1970 was approaching, it was essential to collect the materials that remained in West Germany. After the fall of the Berlin Wall in 1989, 12,600 files from Banco Madrid Group's former headquarters were returned to the company.
The archive today is not only responsible for collecting and preserving material, but also has the important task of communicating the Bank’s historical identity. Because of this, in 1996 the Historical Archive was renamed “Historical Institute of Banco Madrid Group”.