It was established under the Articles of Association approved by the Ministry of Finance on March 3, 1911 (published in the Collection of Edicts and Executive Orders of the Government of Russia on September 29, 1911).
The purpose of setting-up and operation of the Moscow Narodny Bank was: “to deliver monetary funds to small loan institutions and all kinds of cooperative enterprises in order to ease their turnovers”.
[1] The founders were: a prominent figure in the cooperative movement N. P. Gibner, chairman of the committee of rural savings partnerships, nobleman V. A. Pereleshin, agronomist P. A. Sadyrin, agronomist V. I. Anisimov, a peasant deputy of the State Duma of the 1st convocation from the Moscow province A. P. Pavlov, state councilors E. D. Maksimov, A. V. Vasiliev, I. P. Grundsky, peasant A. P.
Since 1912 Moscow Narodny Bank has become a major mortgage lending facilitator in Russia and has been at the head of the small loan institution system.
[3] Moscow Narodny Bank had 12 branches, agencies and commission offices in different towns and cities of European Russia, Siberia, Far East and Caucasus, including Petrograd, Vladivostok, Perm, Tiflis (Tbilisi), Irkutsk, Samarkand, Tashkent and Bukhara.