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.