Opening of the first savings bank in the USSR

01 February, Sunday
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On February 1, 1923 the first office of the Soviet savings bank was opened

The first office opened at 10 a.m. on nab. Reki Fontanki, 76. The Soviet saving bank quickly became very popular among the citizens, as it provided safety and confidentiality of the account and the freedom to draw money out upon first request. The Soviet prople trusted the bank wholeheartedly. The status of the accouts was monitored with the help of individual savings books.

February 1, 1923
  • Address: St. Petersburg, Fontanka embankment
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