The Saint Petersburg International Commercial Bank (Russian: Санкт-Петербургский международный коммерческий банк) was a major bank in the Russian Empire, founded in 1869 in Saint Petersburg. By the start of the 20th century it was Russia's second private-sector bank by assets, behind the Volga-Kama Commercial Bank,[1]: 43 and by 1914 it still held that rank behind the Russo-Asiatic Bank.[2]: 722 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.[3]
The bank's charter was approved by Alexander II on 9 June 1869. The bank's fixed capital was initially determined at 5 million rubles and was distributed into 20 thousand shares of 250 rubles each. It was initially backed by German investors, especially the Berlin-based Disconto-Gesellschaft.
In 1896, the International Commercial Bank became the largest shareholder of the newly established Russo-Chinese Bank, with 15.3 percent of the initial capital. It had close links with Russia's military-industrial complex and controlled over 50 companies in 1914, including rail carriers, industrial enterprises, and insurance companies.[4]
The bank was initially located at 6, Angliyskaya Embankment. In 1898, the bank moved to a new purpose-built head office at 58 Nevsky Prospekt on a design by architect Stanislas A. Brzhozovsky [ru].[4] The latter property was expanded in 1912 with an additional building facing Ekaterininskaya Street.
The bank's head office Saint Petersburg head office in 1915
^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
^Michael Jabara Carley (November 1990), "From Revolution to Dissolution: The Quai d'Orsay, the Banque Russo-Asiatique, and the Chinese Eastern Railway, 1917-1926", The International History Review, 12:4 (4), Taylor & Francis: 721–761, JSTOR 40106277
^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.
^ ab"St. Petersburg International Commercial Bank". Saint Petersburg Encyclopedia.
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saint, petersburg, international, commercial, bank, russian, Санкт, Петербургский, международный, коммерческий, банк, major, bank, russian, empire, founded, 1869, saint, petersburg, start, 20th, century, russia, second, private, sector, bank, assets, behind, v. The Saint Petersburg International Commercial Bank Russian Sankt Peterburgskij mezhdunarodnyj kommercheskij bank was a major bank in the Russian Empire founded in 1869 in Saint Petersburg By the start of the 20th century it was Russia s second private sector bank by assets behind the Volga Kama Commercial Bank 1 43 and by 1914 it still held that rank behind the Russo Asiatic Bank 2 722 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 3 Former head office at Nevsky Prospect 58 in Saint PetersburgOverview editThe bank s charter was approved by Alexander II on 9 June 1869 The bank s fixed capital was initially determined at 5 million rubles and was distributed into 20 thousand shares of 250 rubles each It was initially backed by German investors especially the Berlin based Disconto Gesellschaft In 1896 the International Commercial Bank became the largest shareholder of the newly established Russo Chinese Bank with 15 3 percent of the initial capital It had close links with Russia s military industrial complex and controlled over 50 companies in 1914 including rail carriers industrial enterprises and insurance companies 4 The bank was initially located at 6 Angliyskaya Embankment In 1898 the bank moved to a new purpose built head office at 58 Nevsky Prospekt on a design by architect Stanislas A Brzhozovsky ru 4 The latter property was expanded in 1912 with an additional building facing Ekaterininskaya Street nbsp The bank s head office Saint Petersburg head office in 1915 nbsp Former branch building ru in Moscow Ilyinka 9See also editVolga Kama Commercial Bank Azov Don Commercial Bank Russo Asiatic Bank Russian Bank for Foreign Trade Moscow Merchant BankNotes edit 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 Michael Jabara Carley November 1990 From Revolution to Dissolution The Quai d Orsay the Banque Russo Asiatique and the Chinese Eastern Railway 1917 1926 The International History Review 12 4 4 Taylor amp Francis 721 761 JSTOR 40106277 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 a b St Petersburg International Commercial Bank Saint Petersburg Encyclopedia nbsp nbsp This bank and insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Saint Petersburg International Commercial Bank amp oldid 1215533132, wikipedia, wiki, book, books, library,
