Azoff-Don Commercial Bank - 1917 dated £5,000 Bond
Inv# FB6818 Bond
Russia
Established in 1871 in Taganrog, the Azov-Don Commercial Bank initially focused on local loans and financing the region’s grain and commodity trade. Despite facing economic distress in 1883, it rapidly recovered and expanded across Southern Russia, Eastern Ukraine, Crimea, and Central Asia, becoming the largest regional bank in the Russian Empire by the mid-1890s.
During its peak in the early 20th century, largely under managing director Boris Kamenka, the bank commissioned architect Fyodor Lidval to construct a grand neoclassical headquarters. By aggressively managing distressed industrial firms, it evolved into a massive financial syndicate controlling over 90 enterprises across various sectors. It operated 73 branches nationwide and its shares were heavily traded on major international platforms. However, this rise ended abruptly with the Russian Revolution of 1917, when the Soviet government nationalized the bank, effectively erasing its private legal existence.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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