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St. Petersburg International Commercial Bank

Categories / Economy/Finances and Credit

ST. PETERSBURG INTERNATIONAL COMMERCIAL BANK, a joint-stock commercial bank, opened in 1869. The volume of transactions was high enough for the bank to rank 2nd among Russian joint-stock banks by 1914. Since it was founded, the bank was mainly focused on Russian rail carriers through selling their securities and holding their shares. It also provided financial support to coal producers, gold mining companies, metallurgical works, and engineering plants, as well as to military industrial companies during the period of economiс growth of 1908-13. The bank participated in establishing a number of monopoly concerns, it was linked especially close to the military industrial group that included ship-building plants of South Russia and their suppliers. It had over 50 companies under its control in 1914 such as rail carriers, industrial enterprises, and insurance companies. The Bank maintained ties with foreign capital, especially with German capital. In its activities the bank enjoyed the support of the so-called friendly banks including the Russian Bank for Foreign Trade, the St. Petersburg Discount and Loan Bank, Volzhsko-Kamsky Bank, and Merchants' Bank of Moscow. The bank was located at 6 Angliiskaya Embankment before it moved to 58 Nevsky Prospect in 1898. It was nationalized after the October of 1917.

References: Бовыкин В. И., Петров Ю. А. Коммерческие банки Российской империи. М., 1994. С. 96-112; Петербург: История банков / Б. В. Ананьич и др. СПб., 2001. С. 149-159, 238; Лебедев С. К. С.-Петербургский международный коммерческий банк во второй половине XIX века: Европ. и рус. связи. М., 2003.

V. S. Solomko.

Addresses

Angliiskaya Embankment/Saint Petersburg, city, house 6
Nevsky prospect/Saint Petersburg, city, house 58

Bibliographies

Петербург: История банков / Б. В. Ананьич, С. Г. Беляев, З. В. Дмитриева и др. СПб., 2001
Петров Ю. А., Бовыкин В. И. Коммерческие банки Российской империи. М., 1994

The subject Index

Russian Bank for Foreign Trade
St. Petersburg Discount and Loan Bank
Volzhsko-Kamsky Commercial Bank

Chronograph

1869

Mentioned in articles (5)

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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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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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Vyshnegradsky A.I. (1867-1925), industrialist VYSHNEGRADSKY Alexander Ivanovich (1867 St. Petersburg - 1925), businessman, Chamberlain (1905), Actual Civil Councillor (1915). Son of I.A. Vyshnegradsky. After graduating from the Faculty of Law of Petersburg University (1889)

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