Ruskombank

The Russian Commercial Bank (Russian Рускомбанк / Ruskombank ) was the first in the Russian Soviet Republic of newly established international bank, which had allowed all standard banking transactions, including transactions in foreign exchange and precious metals.

Once in the course of the New Economic Policy ( NEP) was reorganized under Grigory Sokolnikov, the People's Commissar of Finance, the State Bank and introduced with the Tscherwonez a stable currency, the Russian Commercial Bank was in Moscow in the autumn of 1922 for foreign business with a capital of 10 million founded in gold rubles ( $ 5.1 million ). It appointed the former head of the Siberian Bank in Petrograd, Tarnowski, the President and the Swedish banker Olof Aschberg Chairman of the Board. The latter had also opened for the settlement of Russian financial transactions in 1920 in Berlin and Copenhagen trading posts, of which the street in Berlin, has now been converted into the guarantee and loan bank for the East, which also took over the mission of the Russian commercial bank in Germany. In addition, Representative of the Russian state bank, they should include up to 80% take over the lending of an international workers bond, but remained under a greater extent because of the sometimes adverse effects of planned propaganda effect.

As a result of obtaining approval from the December 1923 opening an Export Bank, suggested the People's Commissariat of Foreign Trade, convert the Russian Commercial Bank in a special foreign trade bank. This happened on April 7, 1924, it became the Bank for Foreign Trade of the USSR ( Vneshtorgbank ), from 1988, Vnesheconombank emerged.