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Jul 2004 Journal

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Central Office for Holocaust Claims

Erste Bank restitution

Austrian Holocaust survivors have been alerted to another possible compensation scheme by the Holocaust Victims' Information and Support Centre in Vienna: the restitution of accounts held at the Erste Bank der oesterreichischen Sparkassen AG, a predecessor of Erste Bank.

The Erste Bank has produced two tables of names of Holocaust victims who invested money in the bank prior to the Anschluss. Table A lists dormant accounts and includes the name and date of birth of the owner as well as the balance, which has been updated using an annual interest rate of 4.5%. Where the balance is still modest, Erste Bank has pledged to make awards of a minimum of €200.

Table B records the names and dates of births of persecutees whose real estate was aryanised by Erste Bank as well as the details of people who held mortgages or other loans. A Nazi racial law required Erste Bank to extend loans to Jews, which could then be used only to pay the punitive Jew taxes (Reichsfluchtsteuer and Judenvermögensabgabe).

The information on Tables A and B is available on the AJR website

Applicants, including heirs and beneficiaries, must complete the one-page form and return it to: Erste Bank der oesterreichischen Sparkassen AG, Code, '2004-Historikerprojekt', Graben 21, A-1010 Vienna, Austria. Applications must be submitted by 31 December 2004.

Further help

Written enquiries should be sent to Central Office for Holocaust Claims (UK), Jubilee House, Merrion Avenue, Stanmore, Middx HA7 4RL, by fax to 020 8385 3075, or by email to michael@ajr.org.uk Assistance can be provided strictly by appointment at the Holocaust Survivors Centre in Hendon, north London. For an appointment, please ring 020 8385 3074.
Michael Newman

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