Nobles' Land Bank

Nobles' Land Bank (Russian: Дворянский земельный банк) was a bank operating in the Russian Empire founded in 1885.[1] The bank was created to provide cheap loans to Russian landed nobility as the mortgages of their estates.

History

The Nobles' Land Bank was founded in 1885 to maintain the land tenure of hereditary nobles. It was located in St. Petersburg, Admiralty Embankment, house 14.[2]

The bank applied to the European part of the Russian Empire, excluding the Grand Principality Finland, the Kingdom of Polish, the Baltic province and the Transcaucasus. The loans were issued to landowners on the security of their land possessions in the amount of 60-75% of the value of land (including burdensome debts). The maximum period of repayment of the loan reached 48 years 4 months, but was later increased to 51 years, and then up to 66 years 6 months. In the 1880s the percentage paid on the loan was 5%-6%, and by 1897 it was reduced to 3.5%. Late payments were charged with 0.5 percent in the first two months and 1 percent in the next. In accordance with the Regulation of 26.6.1889 the estate could be appointed to auction, but in practice it was not applied.[3]

In 1890, Bank's activities were extended to the Transcaucasus, in 1894 — to the Western province of the Empire.[4]

In November 25 (December 8) of 1917 the Bank was abolished by the decree of the Council of People's Commissars of the RSFSR.[5]

See also

References
  1. "Nobles' Land Bank". Encyclopedia Britannica. Encyclopædia Britannica, Inc. Retrieved 26 April 2020.
  2. Здания Дворянского земельного и Крестьянского поземельного банков. Архитектурный сайт Санкт-Петербурга // citywalls.ru
  3. Козлов О. Ф., Янковая В. Ф. (составители) (1996). Государственность России. Словарь-справочник. Кн. 1. Москва: "Наука". pp. 272–273. ISBN 5-02-008597-9.
  4. Козлов О. Ф., Янковая В. Ф. (составители) (1996). Государственность России. Словарь-справочник. Кн. 1. Москва: "Наука". pp. 272–273. ISBN 5-02-008597-9.
  5. Декрет Совета народных комиссаров РСФСР от 25 ноября 1917 года «Объ упраздненіи Государственнаго Дворянскаго Земельнаго и Крестьянскаго Поземельнаго Банковъ». Библиотека нормативно-правовых актов СССР // libussr.ru


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