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Entries / Siberian Merchant Bank

Siberian Merchant Bank


Categories / Economy/Finances and Credit

SIBERIAN MERCHANT BANK, a joint-stock commercial bank, founded in Ekaterinburg in 1872 and in St. Petersburg in 1902. The volume of transactions was high enough for the bank to rank 7th in the country before the war. Financing of trade was the most important activity of the bank. It had 57 branches in 1915, and provided services for exporting bread, Siberian butter, Central Asian karakul, and other goods. During the prewar economic growth, the bank took part in financing railways and steamship lines, establishing and expanding industrial enterprises such as coal mines and military plants, Vulkan Plant of St. Petersburg among them. The Siberian Merchant Bank helped establish the Mongolian National Bank, which played an important role in implementing Russian foreign policy in the region. The bank also arranged a number of geological expeditions for searching gold deposits and exploring Dzhezkazganskie copper ore deposits. It joined the group of banks friendly to the Russian-Asian Bank, after the latter was founded. The bank’s offices were located at 44 Nevsky Prospect; a new building constructed there in 1909-10 by architects B. I. Girshovich and M. S. Lyalevich.

References: Тарновский В. В. История Сибирского торгового банка // Материалы по истории России в период капитализма. М., 1976. С. 136-168. (Тр. Гос. ист. музея; Вып. 46); Бовыкин В. И., Петров Ю. А. Коммерческие банки Российской империи. М., 1994.

V. S. Solomko.

Persons
Girshovich Boris Ionovich
Lyalevich Marian Stanislavovich

Addresses
Nevsky prospect/Saint Petersburg, city, house 44

Bibliographies
Тарновский В. В. История Сибирского торгового банка // Материалы по истории России в период капитализма. М., 1976
Петров Ю. А., Бовыкин В. И. Коммерческие банки Российской империи. М., 1994

The subject Index
Russian-Asian Bank


Banks (entry)

BANKS, credit system institutions. St. Petersburg has been the central element of the system from the time it came into being through 1917. The first banks in Russia were founded on the initiative of the state and financed from the treasury

Nevsky Prospect

NEVSKY PROSPECT known as Bolshaya Pershpektivnaya Road or Bolshaya Pershpektiva until 1738, Nevskaya Prospektivaya Street or Nevskaya Perspektiva in 1738-1780s, and 25 October Avenue in 1918-44 so named in memory of the October Revolution of 1917

Russian-Asian Bank

RUSSIAN-ASIAN BANK, a joint-stock commercial bank. It was founded in 1910 by merging the Northern Bank founded in 1901 and the Russian-Chinese Bank founded in 1895