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Entries
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Azovsko-Donskoy Commercial Bank
Azovsko-Donskoy Commercial Bank
Categories /
Economy/Finances and Credit
AZOVSKO-DONSKOY BANK, a joint-stock commercial bank opened in Taganrog in 1871 for financing trade and granting loans. Its share capital amounted to 5 million roubles in 1871; it became the largest bank in the country by the mid-1890s and one of the five largest national banks by the end of the 1890s. The management moved to St. Petersburg in 1903. B. A. Kamenka served as the managing director and president of the Bank in 1910-17; the heyday of the bank is associated with his activities on these posts. M. M. Fedorov, the former minister of trade and industry, served as Chairman of the Board. Along with financing trade, the bank took control over enterprises fighting the industrial crisis in the early 1900s and reorganised them into new joint-stock companies. As a result, the bank controlled over 90 companies by 1917, its position was especially strong in ferrous and non-ferrous metallurgy, coal industry, and production of building materials. The share capital rose from 20 to 50 million roubles in 1909-14, while investments and current liabilities increased from 84.1 to 211.6 million roubles. The bank had 73 branches in the country; its shares were quoted on the Berlin Exchange from 1910 and the Paris Exchange from 1911. The bank acquired a large holding of shares from the Nordic Bank, Paris, in 1912-13. It was nationalized on December 14 (27), 1917 as decreed by the Soviet of People's Commissars of the Russian Soviet Federative Socialist Republic. Originally situated at 26 Nevsky Prospect, the bank acquired buildings Nos. 3 and 5 in Bolshaya Morskaya Street in the mid-to-late 1900s to construct its own building according to the project by architect F. I. Lidval and artist V. V. Kuznetsov in 1907-09 and 1912-13, a striking example of Neoclassicism. The left part of the building has a large six-column portico between the 1st floor and the 3d floor, its facades are decorated with bas-reliefs. References: Бовыкин В. И., Петров Ю. А. Коммерческие банки Российской империи. М., 1994. С. 125-133. O. A. Kubitskaya.
Persons
Fedorov Mikhail Mikhailovich
Kamenka Boris Abramovich
Kuznetsov Vasily Vasilievich
Lidval Fedor (Iogan Friedrich) Ivanovich
Addresses
Bolshaya Morskaya St./Saint Petersburg, city, house 5
Bolshaya Morskaya St./Saint Petersburg, city, house 3
Nevsky prospect/Saint Petersburg, city, house 26
Bibliographies
Петров Ю. А., Бовыкин В. И. Коммерческие банки Российской империи. М., 1994
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Bank Buildings (entry)
BANK BUILDINGS, public buildings designed for housing finance and credit institutions. The first special bank buildings were the Assignation Bank building at Sadovaya Street (1783-90, architect G
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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
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Lidval F.I., (1870-1945), architect
LIDVAL Fedor Ivanovich (Iogan Friedrich) (1870, St. Petersburg - 1945), architect. Descendant of Swedish emigrants. Lidval graduated from the Academy of Arts (1896), a Fellow of the Academy of Architecture from 1909
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Morskaya Bolshaya Street
MORSKAYA BOLSHAYA STREET (in 1920-93 - Herzen Street, after A.I. Herzen), located from the General Staff Arch to Kryukov Canal. It was constructed in the early 18th century, in Morskaya settlement (hence the name)
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Neoclassicism
NEOCLASSICISM, a traditionalist movement of the first half of the 20th century architecture, based on the assimilation of 18th - early 19th century Russian architecture. In St
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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
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Russian Bank for Foreign Trade
RUSSIAN BANK FOR FOREIGN TRADE, a private joint-stock bank. Founded in 1871, the bank shared the 3d and 4th places with Azovsko-Donskoy Bank before World War I of 1914-18. It had 76 branches
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