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Donau Bank AG
Donau Bank AG was a controlled bank in Vienna, Austria controlled by the Soviet Union and later, after the dissolution of the Soviet Union, by Russia. It was acquired by Russian VTB Bank in 2000. In 2006 the name was changed to VTB Bank (Austria) AG. On December 29, 2017, VTB Group completerestructuringof its European operations. VTB Bank (Austria) AG, VTB Bank (Deutschland) AG und VTB Bank (France) SA, were merged into the newly created VTB Bank (Europe) SE (Frankfurt), which operates under a single banking license. Since that restructuring, VTB Bank (Europe) SE has the branch in Austria. History *1974 - Donau Bank AG is jointly founded in Vienna by the USSR State Bank and the USSR Foreign Trade Bank. *1992 - The Central Bank of the Russian Federation acquires 99.97% of the bank, the remaining 0.03% is retained by the Foreign Trade Bank (Vneshtorgbank). *1997 - VTB acquires a 51% majority share in Donau Bank AG. *2005 - VTB acquires 100% interest in Donau Bank AG. *2006 - I ...
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Vienna
en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST = CEST , utc_offset_DST = +2 , blank_name = Vehicle registration , blank_info = W , blank1_name = GDP , blank1_info = € 96.5 billion (2020) , blank2_name = GDP per capita , blank2_info = € 50,400 (2020) , blank_name_sec1 = HDI (2019) , blank_info_sec1 = 0.947 · 1st of 9 , blank3_name = Seats in the Federal Council , blank3_info = , blank_name_sec2 = GeoTLD , blank_info_sec2 = .wien , website = , footnotes = , image_blank_emblem = Wien logo.svg , blank_emblem_size = Vienna ( ; german: Wien ; ...
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Banks Of The Soviet Union
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Banks Of Austria
This article is intended to give an overview of banking in Austria. Banking system Regulations Since the introduction of the Kreditwesensgesetz (KWG) in 1979, the boundaries between the various types of credit institutions have gradually become blurred. Many banks have developed into universal banks offering a comprehensive range of banking services. Prior to the 1979 KWG, the Austrian banking system was still governed by the Kreditwesengesetz, which had been in force since October 1, 1938 in Nazi Germany and the associated Austria. The 1979 KWG was created as a result of the increasing liberalization of the banking system and the general trend towards universal banks. The rapid growth and increased activity of Austrian banks abroad made it necessary to adapt to international standards, which was regulated in the 1986 amendment to the law. On January 1, 1994, the KWG was replaced by the new Banking Act (Bankwesensgesetz- BWG), which was drafted in view of EU conformity and also c ...
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Foreign Trade Of The Soviet Union
Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency. Other foreign economic activity included economic aid programs, which primarily benefited the less developed Council for Mutual Economic Assistance (COMECON) countries of Cuba, Mongolia, and Vietnam.Text used in this cited section originally came fromSoviet Union Country Studyfrom the Library of Congress Country Studies project. The Soviet Union conducted the bulk of its foreign economic activities with communist countries, particularly those of Eastern Europe. In 1988 Soviet trade with socialist countries amounted to 62 percent of total Soviet foreign trade. Between 1965 and 1988, trade with the Third World made up a steady ...
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East-West United Bank
East-West United Bank is a bank based in Luxembourg, owned by Sistema. The bank offers private banking and corporate financing. East-West United Bank was established on 12 June 1974 as a "daughter" bank of the Soviet Union's Central Bank. History With the support of Mr. Pierre Werner, who was the Prime Minister of the Grand Duchy of Luxembourg, on 12 June 1974, the East-West United Bank (EWUB) (Luxembourg) was formed with both the State Bank of the USSR or Gosbank and after the end of the Soviet Union, the Central Bank of Russia, and Russia's Foreign Trade Bank Vneshtorgbank (VTB) as the main shareholders from founding until 1992. From 1992 to 2000, Imperial Bank had a major stake in EWUB of 49% and Tokobank held a 28% stake in EWUB in 1998, but, on 17 April 2000, Imperial Bank was dissolved. Imperial Bank focused on oil and natural gas supplies to East Germany and later to Germany including the oil-for-pipes program. When VTB had a major stake in EWUB from 2000 to 2007, EWUB wa ...
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Tomas Alibegov
Tomas Ivanovich Alibegov (in russian: Томас Иванович Алибегов; born June 18, 1937, Moscow, Soviet Union) is a Russian banker, Director General of Eurobank in Paris (1982–1987), Deputy Chairman of Vnesheconombank (1989–1997), PhD in Economics. Biography Tomas Alibegov was born in Moscow into a family with Georgian and British roots: his father, Ivan Yakovlevich Alibegov, born in 1887 in Kutaisi, died in 1941 in the World War II; mother – Evelina Richardovna Manning, born in 1903 in Huddersfield, England, died in 1987 in Moscow. In 1958, he graduated from the International Economic Relations Faculty of the Moscow Financial Institute. In 1958-1959 he worked at the Moscow Mechanical Plant. In 1961–1969, he served as an inspector, expert, senior consultant, Head of a department head, Deputy head of the Office of Currency and Cash Operations of Vneshtorgbank. In 1969–1975, he had been Deputy Manager, Manager of the Moscow Narodny Bank's branch in Be ...
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Viktor Gerashchenko
Viktor Vladimirovich Gerashchenko (russian: Ви́ктор Влади́мирович Гера́щенко; born 21 December 1937 Leningrad, Soviet Union), nicknamed ''Gerakl'' (the Russian version of Heracles, or sometimes of debacle), was the chairman of the Soviet State bank during much of the Perestroika and post-Perestroika periods. Biography Viktor Gerashchenko was born in Leningrad on 21 December 1937. His father was a leading Soviet banker who ran the Financial Department of the Foreign Office in the 1940s before ending his career as deputy chairman of the State Bank. Due to his father's connections, Viktor made a brilliant career in the Soviet banking system. At the age of 28 he became director of the first Soviet bank abroad, Moscow Narodny Bank, based in London. In 1982 Gerashcheko moved to work in the Vneshtorgbank, responsible for the Soviet foreign trade. Seven years later he was appointed chairman of the Board of the USSR State Bank. In 1991, Gerashchenko became th ...
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Moscow Narodny Bank Limited
Moscow Narodny Bank Limited (MNB), London was created as an independent bank in October 1919 on the basis of the London branch or Mosnarbank (London) of the Moscow Narodny Bank, which had operated in London since 1915. History In 1919 due to disruption of relations with the parent company due to nationalization in Russia it was decided to protect the right of the London branch of the bank to exist and incorporate it as a British legal entity. The bank heads Jean Bubnov and Konstantin Popov submitted an application to register it as an English limited liability company, which was registered in London on October 18, 1919 as a company of England and Wales under number No.159752. After Leonid Krasin organized Bolshevik supporters obtained BCEN-Eurobank in Paris as the first overseas Soviet bank, he, as head of the Centrosoyuz mission, which was formed on 24 February 1920 and was an attempt by the Bolshevik's Council of People's Commissars to break through the trade and politica ...
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Financial University Under The Government Of The Russian Federation
Financial University under the Government of the Russian Federation (FinU or Financial University) ( Russian: Финансовый университет при Правительстве Российской Федерации) is a public university located in Moscow, Russia. It is considered among top five universities in Russia according to Forbes and RBC as well as one of the oldest Russian universities preparing economists, financiers, philosophers, bankers and financial lawyers. FinU had several bygone names: * Moscow Institute of Economics and Finance (1919–1946) * Moscow Finance Institute (1946–1990) * State Finance Academy (1991–1992) * Finance Academy under the Government of the Russian Federation (1992–2010) Financial University consists of eight faculties, 40 departments, three institutes, two high schools, two research institutes, eight centers, two training – science laboratories, a network of regional offices – 11 branches and four offices open in se ...
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Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's largest cities; being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to become a prosperous and powerful city that served as the capital of the Grand Duchy that bears its name. When the Grand Duchy of Moscow evolved into the Tsardom of Russia, Moscow remained the political and economic center for most of the Tsardom's history. Whe ...
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VTB Group
VTB Bank (; formerly known as ''Vneshtorgbank'', , lit. 'International Trade Bank') is a Russian majority state-owned bank headquartered in various federal districts of Russia; its legal address is registered in St. Petersburg; as of 2022 company's capital stock was mostly owned by three Russian agencies. VTB Bank and its subsidiaries form a leading Russian financial group – VTB Group uniting VTB banks located in different countries and offering a wide range of corporate banking services and products in Russia, CIS, Europe, Asia, Africa, and the U.S. VTB was ranked 446th on the FT Global 500 2012, The ''Financial Times''’ annual snapshot of the world's largest companies. It climbed to 210th in the ranking of the 500 largest companies in Europe, the FT Europe 500 2014, and to 127th in the FT Emerging 500 2014, the list of the 500 largest companies on the world's emerging markets. History VTB Bank was founded as Vneshtorgbank in 1990 with the support of the Russian S ...
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