The Volga-Kama Commercial Bank (sometimes Volzhsko-Kamsky Commercial Bank, Russian: Во́лжско-Ка́мский коммерческий банк), often referred to simply as the Volga-Kama Bank, was a major commercial bank of the Russian Empire. Founded in 1870, it was Russia's largest private-sector bank by total assets at the start of the 20th century.[1]: 43 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] Its name refers to the rivers Volga and Kama.
The bank's former branch building at Ilyinka 8 in MoscowAdvert for the Volga-Kama Bank, 1899
The bank's charter was approved by Alexander II on 24 February 1870, establishing as a joint-stock company with an initial authorized capital of 6 million rubles. The founders were a group of manufacturers and merchants led by Vasily Kokorev, who became its chairman in 1878.[3]
From 1879 to 1917, the bank was near-continuously led by Alexander F. Mukhin [ru], successively as director, member of the board, and eventually chairman, with only a six-year gap in 1906–1912.[3] From 1907 to 1911 the managing director of the bank was Pyotr Bark, who later became Russian Minister of Finance.
^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
^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.
^ abc"Volzhsko-Kamsky Commercial Bank". Saint Petersburg Encyclopedia.
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volga, kama, commercial, bank, sometimes, volzhsko, kamsky, commercial, bank, russian, Во, лжско, Ка, мский, коммерческий, банк, often, referred, simply, volga, kama, bank, major, commercial, bank, russian, empire, founded, 1870, russia, largest, private, sect. The Volga Kama Commercial Bank sometimes Volzhsko Kamsky Commercial Bank Russian Vo lzhsko Ka mskij kommercheskij bank often referred to simply as the Volga Kama Bank was a major commercial bank of the Russian Empire Founded in 1870 it was Russia s largest private sector bank by total assets at the start of the 20th century 1 43 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 Its name refers to the rivers Volga and Kama Building at 38 Nevsky Prospect in Saint Petersburg the bank s head office from 1881 to 1917Overview edit nbsp The bank s former branch building at Ilyinka 8 in Moscow nbsp Advert for the Volga Kama Bank 1899The bank s charter was approved by Alexander II on 24 February 1870 establishing as a joint stock company with an initial authorized capital of 6 million rubles The founders were a group of manufacturers and merchants led by Vasily Kokorev who became its chairman in 1878 3 From 1879 to 1917 the bank was near continuously led by Alexander F Mukhin ru successively as director member of the board and eventually chairman with only a six year gap in 1906 1912 3 From 1907 to 1911 the managing director of the bank was Pyotr Bark who later became Russian Minister of Finance By 1899 the Volga Kama Bank had branches in Astrakhan Baku Kazan Kharkiv Kyiv Moscow Nizhny Novgorod Orenburg Perm Rostov on Don Rybinsk Samara Saratov Simbirsk later Ulyanovsk Suzdal Tashkent Tsaritsin later Volgograd Ufa Vyatka later Kirov and Yekaterinburg By 1914 it had a network of 60 branches in the Empire the majority in the Volga Region and the Urals By then its place among Russian commercial banks had declined to sixth rank 3 See also editSaint Petersburg International Commercial Bank Azov Don Commercial Bank Russo Asiatic Bank Russian Bank for Foreign Trade Moscow Merchant BankReferences 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 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 c Volzhsko Kamsky 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 Volga Kama Commercial Bank amp oldid 1215403520, wikipedia, wiki, book, books, library,
