Credit status of izmailian government in the beginning of XX century

Abstract

The article analyzes the peculiarities of administrative and organizational regulation of credit
policy in Bessarabia province. Particular attention is paid to the financial operations of the Izmail
administration. It was established that during the registration of full-time staff of state-owned lending
institutions the preference was given to representatives of the nobility, which were represented in all
central banking institutions and financial organizations of the region. Despite such domination of the
aristocracy in the field of credit, the affairs of the Izmail county in the issue of bilateral relations with
lenders were quite successful, which speaks of the competence and effective work of employees of these
institutions.
The nobles of the Izmail administration drove the financial affairs of the county, guaranteed the
clear fulfillment of obligations to the lenders and provided a sound credit policy, which provided
positive opportunities for the development of the city and district. The authority and flowering of the
board is the fact that the banking institutions did not refuse city authorities to lend on different terms.
The nobles of the region themselves acted as clients of both state land banks and private, whose
founders were bankers-nobles of Odessa.
Aristocrats of the province promoted the formation of small credit institutions, which took care
of the peasant and urban needs of the people. At the same time, the nobility at the highest state level
created favorable working conditions and given the best positions in new lending institutions