Moscow Narodny Bank Limited

Moscow Narodny Bank Limited
Moscow Narodny Bank Limited logotype
Certificate of Incorporation of MNB as an English company
MNB 20th anniversary dinner
MNB building in Moorgate
MNB office in Moorgate

Moscow Narodny Bank Limited; Moscow Narodny Bank Ltd; MNB

Moscow Narodny Bank Limited, London was created as an independent bank in 1919 on the basis of the London branch of the Moscow Narodny Bank, operating in London since 1915.

In 1919 due to disruption of relations with the parent company due to nationalization in Russia it was decided to protect the right of the London branch of the bank to exist and incorporate it as a British legal entity. The bank Heads Jean Bubnov and Konstantin Popov submitted an application to register it as an English limited liability company which was registered in London on October 18, 1919 as a company of England and Wales under number No.159752.

Declared authorized capital stock of MNB is 250 thousand pounds sterling. Original shareholding structure: Moscow Narodny Bank, Centrosoyuz, Central Association of Flax Growers, Selskosoyuz and Zakupsbyt.

Primary goal of the bank was financing of international trade of the Russian cooperative organizations with Britain and other countries. MNB became the first cooperative bank created as international trade support facility.

History

During 1924 the bank balance increased 2.5 fold and in the end of the year amounted to 2.4 million pounds sterling, and the bank’s capital stock increased up to 500 thousand. In 1925 the capital stock doubled and amounted to 1 million pounds. Such growth allowed MNB to open its branches in Paris in 1925 and in Berlin in 1928. In 1926 the bank agency was established in New York.

In 1932 MNB took over the Russian Trade Bank established in London in 1923.

Resolution of the Minutes of the meeting of the Board of Directors of MNB of March 1933: “the bank buys 1000 shares of the Dalbank Harbin bank for 50 thousand dollars in silver”. In 1933 the bank took over the Shanghai branch of Dalbank.

Paris branch of the bank was closed in 1934, branch in Berlin – in 1935.

By the end of 1948 the capital of the bank increased up to 15.5 million pounds (1945 – 1.5 million pounds).

In May 1950 the Shanghai branch of MNB was closed.

In 1952 the balance reduced to 6 million pounds.

In 1959 the former Head of the Shanghai branch Andrey Dubonosov was appointed to a managerial position in the London branch of the bank. During the period from 1958 till 1960 the number of staff members increased from 40 till almost 100.

From 1960 till 1969 assets have grown from 55.6 million to 331.9 million pounds sterling and the paid-in capital have grown fourfold during this period and amounted to 5 million pounds.

In 1963 the Beirut branch of the bank was opened.

In 1971 the branch in Singapore was opened. From the end of 1971 till the end of 1973 the bank’s assets have grown from 391.8 to 835.9 million pounds.

In 1975 – beginning of the work of the Moscow representative office.

In 1985 it was decided to close the Beirut branch.

In August 1986, after the redemption of imperial bonds issued before 1917, MNB played a key role in provision of an opportunity for the Soviet Union to get direct international loans again.

In 1991 the Central Bank of Russia became the owner of the control stock of MNB.

Support on the part of MNB allowed Helen Sharman to become the first British cosmonaut in May 1991.

In 1995 MNB opened its representative office in Canada.

In 1995 MNB created a bank subsidiary CB Mosnarbank CJSC in Moscow, which later on merged with OJSC JCSB Evrofinance and formed Evrofinance Mosnarbank

In 1999 a new representative office was opened in Beijing.

In December 2005 VTB acquires Moscow Narodny Bank Limited.

 
 
 
 
1911
Moscow Narodny Bank (Moscow)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1915
Moscow Narodny Bank (London)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1919
Moscow Narodny Bank Limited
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1995
Mosnarbank
 
1993
Evrofinance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2003
Evrofinance Mosnarbank
 
 
 
 

See also


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Moscow Narodny Bank Limited — Логотип Moscow Narodny Bank Limited …   Википедия

  • Moscow Narodny Bank (Moscow) — Moscow Narodny Bank was established under the Articles of Association approved by the Ministry of Finance on March 3, 1911 (Published in the Collection of Edicts and Executive Orders of the Government of Russia on September 29, 1911). It was… …   Wikipedia

  • Moscow Narodny Bank (London) — The MoscowNarodnyBank was set up in London in 1915 as a branch of the Russian Moscow Narodny Bank (Moscow). In 1916 the London branch was transformed into a full scale affiliate. On October 18, 1919 it was transformed into an independent bank… …   Wikipedia

  • Evrofinance Mosnarbank — OJSC Evrofinance Mosnarbank Type Open Joint Stock Company Industry Banking Headquarters Moscow, Russia Key people Vladimir M. Stolyarenko (President – Chairman of the Executive Board), Alexander N. Shokhin (Chairman of the Supervisory Board) …   Wikipedia

  • ВТБ Капитал (Великобритания) — Это статья о банке, зарегистрированном в Великобритании. О российском банке см. ВТБ Капитал VTB Capital Plc, ВТБ Капитал Плс банк, зарегистрированный в Великобритании и входящий в группу ВТБ (по состоянию на 31 декабря 2010 ВТБ принадлежит… …   Википедия

  • Московский Народный Банк (Москва) — Циркулярное письмо № 31 Правления Московского Народного Банка Московский Народный Банк учреждён на основании Устава, утверждённого Министерством финансов Российской империи 3 (16) марта 1911 года (опубликован в Собрании указов …   Википедия

  • Еврофинанс Моснарбанк — Тип Открытое акционерное общество Лицензия № 2402 Участие в ССВ да Девиз «Надежный партнер с вековыми тр …   Википедия

  • VTB Capital — Moscow Narodny Bank Limited старейший из группы советских загранбанков или советских офшорных банков, основанный Леонидом Красиным в 1919 году. История Банк являлся британским акционерным коммерческим банком, главным акционером которого был… …   Википедия

  • KGB — For other uses, see KGB (disambiguation). Committee for State Security Комитет государственной безопасности Komitet Gosudarstvennoy Bezopasnosti …   Wikipedia

  • Discovery Bay — For other places with the same name, see Discovery Bay (disambiguation). Discovery Bay Traditional Chinese 愉景灣 Transcriptions …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”