Banque Russe du Commerce et de l’Industrie
Русский торгово-промышленный банкъ
Russian Commercial and Industrial Bank
Other city spellings: St.-Pétersbourg, Petrograd, Pétrograde
Formed in 1889 with head office in St. Petersburg. Initial capital was 5,000,000 roubles in shares of 250 roubles. By 1912, capital had increased to 35,000,000 roubles in shares of 250 roubles. Certificates were replaced every 10 years when coupons were exhausted. English Court order to wind up in October 1922.
1889
Description
Established in December 1889 with the participation of French banking houses, the Russian Commercial and Industrial Commercial Bank (since 1907, the Russian Commercial and Industrial Bank – RTPB) opened operations in June 1890 simultaneously in St. Petersburg and in Moscow. In the early 1900s, after the bankruptcy and departure from Russia of one of the founders, the Ministry of Finance took an active role in saving the bank from collapse; in 1912, a significant block of shares in the institution was acquired by the British financier-speculator Crisp. In 1915, the well-known Russian statesman, banker and financier A. V. Konshin became the head of the Russian Commercial and Industrial Bank, to whom the block of shares of Crisp also passed. By 1914, with a balance of 496.2 million rubles. and an extensive network of representative offices (numbering 111) throughout the country, RTPB was one of the five largest commercial banks in the empire. The scope of the bank’s activities included the provision of loans and advances, the placement of securities, as well as the financing of industry, mainly sugar and cement production, as well as metallurgical, machine-building and some other industries. (Source: Wikipedia)