page_title: Saint-Petersburg Society of Mutual Credit
section_title: Management
hierarchical_section_title: Saint-Petersburg Society of Mutual Credit / Management
context_page_description: Saint-Petersburg Society of Mutual Credit was the first commercial credit bank in Russia focused on crediting of business and tangible assets deposits. The bank was founded in April 1863 by Evgeny Lamansky, then a vice-president of the Russian State Bank. It started operating in 1864.
context_section_description: The Society was managed by a board (pravlenie) composed of five persons supervised by deputies elected for three years by the general assembly. Instead of salaries the members of the board were given 15% of the Society's profit to share between each other privately. The members of the board were elected by voting at the general assembly every three year. The President was chosen from the board. Each member of the board had to manage a certain field of operation.
  Together with the deputies, the Board made the Council of the Society which usually gathered each month.
  Aspiring members were chosen by the committee of 20 persons gathering each week. The general assembly was called for every year.
caption: Evgeny Lamansky by Ivan Kramskoy, 1886.
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