Peasant Land Bank
Encyclopedia
The Peasant Land Bank was a Russian financial institution
founded by Czar Alexander III
in 1883. It gave cheap loans to the Russian peasantry for the purchase of land and provided funding for the improvement of agricultural methods.
Bank began operations in April 1883, with nine branches. In 1888 its activity was extended to include the Kingdom of Poland
; by 1891 it had thirty-nine branches.
Each bank was managed by a council consisting of a manager, an assistant manager, and three others appointed by the Ministry of Finance and another member representing the Ministry of Agriculture
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...
founded by Czar Alexander III
Alexander III of Russia
Alexander Alexandrovich Romanov , historically remembered as Alexander III or Alexander the Peacemaker reigned as Emperor of Russia from until his death on .-Disposition:...
in 1883. It gave cheap loans to the Russian peasantry for the purchase of land and provided funding for the improvement of agricultural methods.
Bank began operations in April 1883, with nine branches. In 1888 its activity was extended to include the Kingdom of Poland
Congress Poland
The Kingdom of Poland , informally known as Congress Poland , created in 1815 by the Congress of Vienna, was a personal union of the Russian parcel of Poland with the Russian Empire...
; by 1891 it had thirty-nine branches.
Each bank was managed by a council consisting of a manager, an assistant manager, and three others appointed by the Ministry of Finance and another member representing the Ministry of Agriculture