The beautiful building on the Square was constructed in 1895 by architect V. S. Heinzelman and was intended for the Tashkent branch of the Imperial State Bank.

During the Soviet years, it housed the Central Asian branch of "Prombank."

Currently, the building accommodates one of the branches of "Uzpromstroybank" ("Uzsanoatqurilishbank"), where repairs and reconstruction have been carried out to restore the exterior and interior appearance close to its original state.

Inside, the money lift has been preserved, and on the second floor, a small museum has been created, featuring an exhibition of old banknotes, typewriters, arithmometers, and archival photographs.