Russia St Petersburg Architecture Bank Petrograd City Credit Society

Petrograd City Credit Society

One of the first and largest Russian building societies, the Petrograd City Credit Society was founded in 1861. Over the half-century of its history, it lent mortgages to the tune of more than six-hundred-million roubles. Loans were initially given against houses and land for a period of twenty-six years and nine months. In 1886, this period was extended to thirty-six years. In 1879, the board of directors moved to a new building on Alexandrinsky Square designed by Victor Schroeter. The former director and academician of architecture Eduard Krüger and the in-house architect Emmanuel Jurgens also contributed to the project.

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