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Big Jewish Bank in Roumania Closes Down

August 13, 1931
See Original Daily Bulletin From This Date

The Berkowitz Bank, one of the largest banks in Roumania, closed down today. The difficulties are stated to be only temporary, however, due to the withdrawal of German credits during the recent crisis, and the Bank is expected to reopen in a few days.

The Berkowitz Bank was founded by L. Berkowitz, and is at present conducted by his son, ex-Senator Ely Berkowitz, the President of the Jewish Community of Bucharest and of the Federation of Jewish Communities in Roumania, who is the senior chief, and his brother, Adolf Berkowitz.

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