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Selkhozbank
The Agricultural Bank of the USSR (russian: Сельскохозяйственный банк СССР), commonly referred to as Selkhozbank (russian: Сельхозбанк), was a significant component of the Soviet banking system from its establishment in 1932 to 1959, when it was merged with Prombank and Tsekombank to form the Construction Bank of the USSR, known as Stroybank. Overview The bank was first established in 1932 as the "Bank for Financing Socialist Agriculture" (russian: Банк финансирования социалистического земледелия), and renamed as Agricultural Bank in August 1933 (full name in Russian: Банк финансирования социалистического сельского хозяйства). Like the Tsekombank in residential construction, the Selkhozbank was a mere conduit for budgetary appropriations and had no autonomy in its credit allocation. See also * Banking in the Soviet Union The Soviet Union was t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction Bank Of The USSR
The Construction Bank of the USSR (russian: Всесоюзный банк финансирования капитальных вложений), in shorthand Stroybank (sometimes Stroibank), was a Soviet development bank that was a significant part of the Soviet banking system. Stroybank was formed in 1959 and took over the operations of several prior specialized development banks, namely Prombank (est. 1922, trade and industry), Tsekombank (est. 1925, residential construction), and Selkhozbank (est. 1932, agriculture). In 1988, it was restructured as the State Commercial Industrial and Construction Bank of the USSR (russian: Государственный коммерческий Промышленно-строительный банк СССР) or Promstroybank, with some operations spun off as the Agro-Industrial Bank (russian: Агропромышленный банк СССР or Agroprombank) and Bank of Housing, Communal Services and Social Development (russian: Банк ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tsekombank
The Central Bank of Public Utilities and Housing Construction (russian: Центральный банк коммунального хозяйства и жилищного строительства), sometimes also referred to as Central Communal Bank' or Communal Economy Bank and commonly as Tsekombank (russian: Цекомбанк), was a significant component of the Soviet banking system from its establishment in 1925 to 1959, when it was merged with Prombank and Selkhozbank to form the Construction Bank of the USSR, known as Stroybank. Overview The Tsekombank was established on as a joint-stock company. It operated mainly through local municipal banks, even though it also had offices of its own in Siberia and Ukraine. Like the Selkhozbank in agriculture, the Tsekombank was a mere conduit for budgetary appropriations and had no autonomy in its credit allocation. The 1936 Constitution of the Soviet Union resulted in further centralization of housing construction financing at t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In The Soviet Union
The Soviet Union was the first jurisdiction to implement a single-tier banking system, an experience that was subsequently emulated by a number of Communist states. Historical and ideological background The notion of a monopolistic state financial system had longstanding roots in the Russian Empire, where fiat currency had been in use for centuries and dominant public banks were established from the 18th century onwards. Following the disastrous aftermath of the Crimean War, this public banking system had to be entirely rebuilt and expanded to the private sector in the 1860s, with milestones including the establishment of the State Bank of the Russian Empire in 1861 and that of the first private-sector commercial bank in 1866. In the late 19th century, slavophile journalist S. F. Sharapov advocated the creation of a "universal bank" that would fulfil the need of an autarkic Russian economy without having to abide by the constraints of the gold standard. On the eve of the Russian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The Soviet Union
Defunct (no longer in use or active) may refer to: * Defunct (video game), ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |