TY - JOUR

T1 - A Russian bank in the Khanate of Khiva of Novo-Urgench branch of the Russo-asiatic commercial bank

AU - Alimdjanov, B. A.

AU - Yanchenko, D. G.

N1 - Funding Information: For citation: Alimdjanov B. A., Yanchenko D. G. A Russian Bank in the Khanate of Khiva of Novo-Urgench Branch of the Russo-Asiatic Commercial Bank. Vestnik of Saint Petersburg University. History, 2020, vol. 65, issue 3, рp. 790–813. https://doi.org/10.21638/11701/spbu02.2020.306 Cotton farming, being one of the leading branches of economic activity of Turkestan of the beginning of the 20th century, attracted the attention of big investors of the Russian Empire. This article examines functioning of the Novo-Urgench branch of the Russo-Asian commercial bank (RACB) on the basis of the material from Russian State Historical Archive (RGIA): successful and unsuccessful operations, organizational structure, interaction with clients, and its influence on the regional market. The unique character of this branch of one of the largest Russian banks lay in that fact that it was the only lending and financial institution that expanded its operations throughout the entire oasis of Khiva, including territories that were under control of the Khan of Khiva. Both local political and economic elites and entrepreneurs from Central Russia were clients and partners of the Novo-Urgench branch of the bank. Wide-spread liaisons allowed the institution to promptly conquer and maintain, even under conditions of a crisis, its niche on the market of financial services in Central Asia. On the threshold of the World War I, the bank attempted to monopolize cotton farming, working with big clients and even stimulating development of the processing industry. Novo-Urgench branch of the Russo-Asian bank provided help to the local merchantry trying to increase export of raw cotton and to enter both Russia-wide and international markets. For the objective reasons of shortage of liquid assets, underdeveloped infrastructure of the region, swings in stock-exchange and problems with human resources, the Novo-Urgench branch of the Rus-so-Asiatic bank could not capture and control the Khivan market. During the war years, the Bakhtiyor A.Alimdjanov — PhD in History, Postdoctoral Student, Al-Beruni Institute of Oriental Studies of Uzbekistan, 79, ul. M. Ulughbeka, Tashkent, 100179, Uzbekistan; Visiting Researcher, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation; felix_1985@mail.ru Бахтиёр Абдихакимович Алимджанов — канд. ист. наук, докторант, Институт Востоковедения им. Абу Райхана Беруни, Узбекистан, 100179, Ташкент, ул. М. Улугбека, 79; приглашенный исследова-тель, Санкт-Петербургский государственный университет, Российская Федерация, 199034, Санкт-Петербург, Университетская наб., 7–9; felix_1985@mail.ru Denis G.Yanchenko — PhD in History, Аssociate Professor, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation; d.yanchenko@spbu.ru Денис Геннадьевич Янченко — канд. ист. наук, доц., Санкт-Петербургский государствен-ный университет, Российская Федерация, 199034, Санкт-Петербург, Университетская наб., 7–9; d.yanchenko@spbu.ru The study was supported by the research grant No.18-18-00142 “The Center and the regions: state economic policy on the outskirts of the Russian Empire (1894–1917)” of the Russian Science Foundation Исследование выполнено за счет средств проекта РНФ № 18-18-00142 «Центр и регионы: эко-номическая политика правительства на окраинах Российской империи (1894–1917)». Publisher Copyright: © 2020 Saint Petersburg State University. All rights reserved. Copyright: Copyright 2020 Elsevier B.V., All rights reserved.

PY - 2020/9

Y1 - 2020/9

N2 - Cotton farming, being one of the leading branches of economic activity of Turkestan of the beginning of the 20th century, attracted the attention of big investors of the Russian Empire. This article examines functioning of the Novo-Urgench branch of the Russo-Asian commercial bank (RACB) on the basis of the material from Russian State Historical Archive (RGIA): successful and unsuccessful operations, organizational structure, interaction with clients, and its influence on the regional market. The unique character of this branch of one of the largest Russian banks lay in that fact that it was the only lending and financial institution that expanded its operations throughout the entire oasis of Khiva, including territories that were under control of the Khan of Khiva. Both local political and economic elites and entrepreneurs from Central Russia were clients and partners of the Novo-Urgench branch of the bank. Wide-spread liaisons allowed the institution to promptly conquer and maintain, even under conditions of a crisis, its niche on the market of financial services in Central Asia. On the threshold of the World War I, the bank attempted to monopolize cotton farming, working with big clients and even stimulating development of the processing industry. Novo-Urgench branch of the Russo-Asian bank provided help to the local merchantry trying to increase export of raw cotton and to enter both Russia-wide and international markets. For the objective reasons of shortage of liquid assets, underdeveloped infrastructure of the region, swings in stock-exchange and problems with human resources, the Novo-Urgench branch of the Russo- Asiatic bank could not capture and control the Khivan market. During the war years, the Central Asian periphery was under the influence of the problems characteristic of not only the banking sector, but Russian economy as a whole.

AB - Cotton farming, being one of the leading branches of economic activity of Turkestan of the beginning of the 20th century, attracted the attention of big investors of the Russian Empire. This article examines functioning of the Novo-Urgench branch of the Russo-Asian commercial bank (RACB) on the basis of the material from Russian State Historical Archive (RGIA): successful and unsuccessful operations, organizational structure, interaction with clients, and its influence on the regional market. The unique character of this branch of one of the largest Russian banks lay in that fact that it was the only lending and financial institution that expanded its operations throughout the entire oasis of Khiva, including territories that were under control of the Khan of Khiva. Both local political and economic elites and entrepreneurs from Central Russia were clients and partners of the Novo-Urgench branch of the bank. Wide-spread liaisons allowed the institution to promptly conquer and maintain, even under conditions of a crisis, its niche on the market of financial services in Central Asia. On the threshold of the World War I, the bank attempted to monopolize cotton farming, working with big clients and even stimulating development of the processing industry. Novo-Urgench branch of the Russo-Asian bank provided help to the local merchantry trying to increase export of raw cotton and to enter both Russia-wide and international markets. For the objective reasons of shortage of liquid assets, underdeveloped infrastructure of the region, swings in stock-exchange and problems with human resources, the Novo-Urgench branch of the Russo- Asiatic bank could not capture and control the Khivan market. During the war years, the Central Asian periphery was under the influence of the problems characteristic of not only the banking sector, but Russian economy as a whole.

KW - Alfalfa

KW - Cotton

KW - Khanate of Khiva

KW - Russian Empire

KW - Russian-Asian Commercial Bank

KW - Turkestan

KW - Russian-Asian Commercial Bank

KW - Khanate of Khiva

KW - Turkestan

KW - Russian Empire

KW - cotton

UR - http://www.scopus.com/inward/record.url?scp=85095871009&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/d79750c2-030f-32a3-bec5-975beac0da6e/

U2 - 10.21638/11701/SPBU02.2020.306

DO - 10.21638/11701/SPBU02.2020.306

M3 - Article

AN - SCOPUS:85095871009

VL - 65

SP - 790

EP - 813

JO - ВЕСТНИК САНКТ-ПЕТЕРБУРГСКОГО УНИВЕРСИТЕТА. ИСТОРИЯ

JF - ВЕСТНИК САНКТ-ПЕТЕРБУРГСКОГО УНИВЕРСИТЕТА. ИСТОРИЯ

SN - 1812-9323

IS - 3

ER -