Volume 11 - Volume 11
Economic Growth of the Russian Empire as Per Financial Reporting of the Ufa Branch of the Volga-Kama Commercial Bank
Abstract
A branch of the Volga-Kama Commercial Bank operated in the city of Ufa from 1873 to 1916. This
large private bank, with headquarters in Saint Petersburg, occupied a 60% financial market share in
the Ufa Governorate. The annual financial reports of the Ufa branch were analyzed to assess the
economic development of the region. The capital turnover of the Ufa branch suggests that the local
economy was growing until 1905. However, from 1906 to 1915 the capital turnover was decreasing,
and on the threshold of World War I the economy of the South Urals was in the state of stagnation.
Paper Details
PaperID: 2389
Author's Name: Mikhail I. Rodnov
Volume: Volume 11
Issues: Volume 11
Keywords: Bank, Capital Turnover, Economics, Russian Empire, South Ural, Ufa.
Year: 2021
Month: July
Pages: 3516-3528