The Moscow Merchant Bank (Russian: Московский купеческий банк) was a major bank in the Russian Empire, founded in 1866.[1] In late 1917 following the Russian Revolution, like all other commercial banks in Russia, it was absorbed into the State Bank with no compensation to its shareholders.[2]
Overview edit
The bank was founded in 1866 in Moscow in the form of a stock partnership by 77 local entrepreneurs led by Ivan A. Lyamin, who became its chairman. The bank's charter was approved by Alexander II on 1 June 1866. The initial share capital was 1.26 million rubles.
The bank financed mainly textile enterprises in the Central Industrial Region and, in the late 19th century, was for some time the second largest in assets among private-sector banks in Russia. At the start of the 20th century it was still third-largest, and the largest one not headquartered in Saint Petersburg.[3]: 43
See also edit
Notes edit
- ^ Yuri A. Petrov (2001). "Banking Network of Moscow". In William Craft Brumfield; et al. (eds.). Commerce in Russian Urban Culture, 1861–1914. Washington, D.C.: Woodrow Wilson Center Press. ISBN 978-0-8018-6750-7.
- ^ George Garvy (1977). "The Origins and Evolution of the Soviet Banking System: An Historical Perspective" (PDF). Money, Financial Flows, and Credit in the Soviet Union. National Bureau of Economic Research.
- ^ Nikita Lychakov (2018), Government-made bank distress: Industrialisation policies and the Russian financial crisis of 1899-1902 (PDF), Belfast: Queen's University Centre for Economic History
  | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |