Prombank

Prombank was the shorthand name for a series of significant institutions within the Soviet banking system between 1922 and 1959, when Prombank was merged with Selkhozbank and Tsekombank to form the Construction Bank of the USSR, or Stroybank.

Overview

The Russian Trade and Industrial Bank was established on under the New Economic Policy. On, another specialized bank was established as Elektrokredit, a joint-stock company. On the former was renamed the Trade and Industrial Bank of the USSR, and on the latter was reorganized as the Bank for the Electrification of the USSR or Elektrobank.
On, Prombank absorbed Elektrobank and became the Industry and Electrification Long-Term Credit Bank of the USSR, still known as Prombank. In 1932 it was again renamed, as the Finance Bank of Capital Construction in Industry, Transport, Posts and Telegraphs.
The Prombank was initially led by Alexander Krasnoshchyokov from to, then by Vladimir Ksandrov from to.