Russo-Asiatic Bank

Former headquarters building of the Banque du Nord, then of the Russo-Asiatic Bank in Saint Petersburg

The Russo-Asiatic Bank (Russian: Русско-Азиатский банк, French: Banque russo-asiatique, Traditional Chinese: 俄亞銀行) was a major Russian bank between 1910 and 1917. It was formed in 1910 through the merger of the Russo-Chinese Bank, with activities in Russia, China and Central Asia, and the Banque du Nord ("Northern Bank", Russian: Северный банк), a large domestic Russian bank. By 1914, it was Russia's largest private-sector bank by total assets.[1]: 722  In late 1917 following the Russian Revolution, like all other commercial banks in Russia, its Russian operations were absorbed into the State Bank with no compensation to its shareholders.[2] Its activities in Europe and China lingered for a while, but were eventually liquidated in 1926.[1]: 758 

  1. ^ a b Michael Jabara Carley (November 1990), "From Revolution to Dissolution: The Quai d'Orsay, the Banque Russo-Asiatique, and the Chinese Eastern Railway, 1917-1926", The International History Review, 12:4 (4), Taylor & Francis: 721–761, JSTOR 40106277
  2. ^ George Garvy (1977). "The Origins and Evolution of the Soviet Banking System: An Historical Perspective" (PDF). Money, Financial Flows, and Credit in the Soviet Union. National Bureau of Economic Research.