# Geolbank

> Russian commercial bank

**Wikidata**: [Q107507944](https://www.wikidata.org/wiki/Q107507944)  
**Source**: https://4ort.xyz/entity/geolbank

## Summary
Geolbank was a Russian commercial bank headquartered in Moscow. Founded in 1992, it operated within the financial industry as a deposit-taking institution until its dissolution in 2003. As a commercial bank, it functioned as a financial intermediary and credit institution within the broader Russian banking sector.

## Key Facts
- **Entity Type**: Bank (instance of financial institution that accepts deposits).
- **Country**: Russia.
- **Headquarters**: Moscow.
- **Inception**: 1992.
- **Legal Form**: Commercial bank.
- **Dissolved Date**: 2003.
- **Primary Industry**: Bank operations.
- **Wikidata Description**: Russian commercial bank.
- **Historical Status**: No longer operational; dissolved, abolished, or demolished in 2003.

## FAQs
**What was Geolbank?**
Geolbank was a Russian commercial bank based in Moscow that provided standard financial services, primarily accepting deposits and operating as a credit institution during its years of activity.

**When was Geolbank active?**
The bank was founded in 1992 and ceased operations in 2003. It was established during the post-Soviet economic transition in Russia.

**Where was Geolbank located?**
Geolbank was headquartered in Moscow, Russia.

**What was the operational structure of Geolbank?**
It operated as a commercial bank, which is a specific subclass of enterprise, financial institution, and financial intermediary.

## Why It Matters
Geolbank represents a specific case study within the broader context of the Russian banking sector during the 1990s and early 2000s. Established in 1992—shortly after the dissolution of the Soviet Union—it was part of the rapid expansion of commercial banking institutions during Russia's transition to a market economy. Its existence until 2003 places it within a turbulent era for Russian financial institutions, many of which faced consolidation, regulatory changes, or insolvency during the early 2000s. As a financial intermediary, it played a role in the fundamental economic functions of deposit-taking and credit allocation, serving as a conduit for capital within the Russian financial system.

## Notable For
- **Post-Soviet Foundation**: Established in 1992, making it an early participant in Russia's newly market-oriented banking sector following the collapse of the Soviet Union.
- **Specific Lifecycle**: Had a defined operational period of just over a decade, closing in 2003, reflecting the volatility and frequent restructuring of the Russian banking industry at the time.
- **Commercial Classification**: Explicitly designated as a "commercial bank," distinguishing its operational focus from state-owned or central banking entities.
- **Moscow Headquarters**: Based in the financial and political capital of Russia, situating it at the center of the country's economic activity.

## Body

### Corporate History and Timeline
Geolbank's operational lifespan was entirely contained within the first decade of post-Soviet Russia. The institution was founded in **1992**, a pivotal year that saw the introduction of economic shock therapy and mass privatization in Russia. As a newly formed commercial entity, it entered a rapidly expanding market characterized by the liberalization of financial services. The bank maintained operations throughout the 1990s, a decade marked by significant financial instability in Russia, culminating in the 1998 Russian financial crisis. Geolbank ultimately ceased to exist in **2003** when it was officially dissolved, abolished, or demolished.

### Classifications and Industry
Geolbank is formally classified as a **bank** and operated within the **bank operations** industry. Its specific legal form was that of a **commercial bank**. 

As a bank, Geolbank belongs to a highly structured classification system:
*   **Subclass Of**: Financial intermediary, credit institution, enterprise, depository institution, financial institution.
*   **Core Function**: Accepting deposits.
*   **Opposite Of**: Non-bank entities.
*   **Distinction**: As an institution, it is conceptually distinct from a "bank building," which refers only to the physical location.

### Operational Context
Headquartered in **Moscow**, Geolbank operated as a financial intermediary. In this role, it would have served as a critical node in the financial system by taking deposits from customers and utilizing those funds to provide loans or other financial services. It was one of many commercial banks operating in Russia during a period of significant economic liberalization and subsequent regulatory tightening. It was practiced or operated by individuals in the professional category of **bank employee**.

### Relationship to the Broader Banking Ecosystem
While specific operational details of Geolbank are limited in the provided source material, its identity as a "bank" connects it to a vast global and digital ecosystem:
*   **Conceptual Definition**: It shares the fundamental definition of a bank as a globally recognized entity—a financial institution that accepts deposits and acts as a credit institution.
*   **Etymological Heritage**: As a "bank," its naming derives historically from the concept of a "bench," referencing the tables used by early money changers.
*   **Digital Identifiers**: Although specific digital IDs for Geolbank are not listed, its class (bank) is universally mapped in digital knowledge systems, such as through the Dewey Decimal Classification **332.1**, the OpenStreetMap tag `amenity=bank`, and the Unicode symbol 🏦 (U+1F3E6).
*   **Cultural Presence**: As a banking institution, it falls under a concept documented by hundreds of major historical and modern reference sources, ranging from the *Encyclopædia Britannica* to the *Great Russian Encyclopedia Online* (ID: 1849867), and is a standard feature in global mapping and library authority files.