Saint Petersburg State University of Economics and Finance (Санкт-Петербургский государственный университет экономики и финансов) as it was known formally was established in 1930 as "Leningrad Institute of Finance and Economics" (Ленинградский финансово-экономический институт; hence the colloquial name Финэк (Finec)). It is now united with Saint Petersburg State University of Service and Economics and Saint Petersburg State University of Engineering and Economics to create Saint Petersburg State University of Economics. The campus of the University occupies the buildings of the former Assignation Bank, which were designed by the Italian architect Giacomo Quarenghi.