Banque Foncière de Kharkov

Харьковскаго Земельнаго Банка
Kharkov Land Bank
Charkower Agrar-Bank
Other city spellings: Kharkiv, Kharkof, Kharkow, Charkow, Charkov

Formed in 1871 with head office in Kharkov (now in Ukraine). Initial capital was 1,000,000 roubles in shares of 200 roubles. By 1900, capital had risen to 9,970,000 roubles in shares of 200 roubles. In 1902, new shares were issued in exchange for shares of the first eleven issues – see History tab for more details.

1871

Categories: Russia, Ukraine Theme: Banks Where Organised: Russia

REF. NO.	DENOMINATION	DESCRIPTION	NO.ISSUED	CONDITION	VALUE

101	1 share	1871 (?), 1st issue	5000	VF	£-

105	1 share	1902, issued in exchange for shares of previous eleven issues, green	25,000? #31587, #12561, #32302	VF	€35 Boone April 2022

5% Sterling Mortgage Bonds 1873, 1st series

111	125 roubles metallic	green	21,491	VF	£-

4½% Bonds One series was issued every 6 months, beginning in 1895. Latest series seen is 37, dated 1913.

121	100 roubles	1898, series 7, green	? #32003	VF	£-

122	500 roubles	1897, series 4, brown	? #06889	VF	£30

123	1000 roubles	1897, series 32, red	? #165182	VF	£30

124	5000 roubles	?	?	VF	£-

125	10,000 roubles	1910, series 30, brown	? #001689	VF	£200

Description

The bank was founded in 1871 by the leading businessman Alexei Kirillovitch Altchevskij as the first joint-stock mortgage bank in the Russian Empire. Mortgage bonds were secured on lands in various local governments and in the province of the Don Cossacks.

The 1902 shares were issued after the personal bankruptcy of Altchevskij in 1901. To save the bank, Moscow-based businessman Rjabuchinskij (owner of the ‘Moscow Bank’) intervened and rescued the bank. Shareholders could exchange their shares (of the 11 previous issues) for these new ones. (Source: Boone Shares, April 2022)