Banque d'Escompte et des Prets de Perse

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The Banque d'Escompte et des Prets de Perse was a Russian bank founded in 1891 as Banque des Prêt , which was to serve as a counterpart to the British Imperial Bank of Persia to finance Russian economic interests in Persia. While the Imperial Bank of Persia was run as a private-sector bank and focused on profitability , the Russian Banque d'Escompte et des Prets de Perse was a division of the Russian Ministry of Finance and part of the Russian Central Bank .

Immediately after its establishment, the Banque d'Escompte et des Prets de Perse began to grant low-interest loans to princes, influential clergymen and merchants. In this way, by 1900 Russia had made almost all of Persia's political elite financially and politically dependent.

Individual evidence

1. ↑ Firoozeh Kashani-Sabet: Frontier Fictions, Shaping the Iranian Nation, 1804–1946, p. 79 ( online )
2. ^ Rouhollah K. Ramazani: The foreign policy of Iran. A developing nation in world affairs. 1500-1941. University Press of Virginia, Charlottesville VA 1966, p. 70.