Ost-West Handelsbank
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Ost-West Handelsbank
Ost-West Handelsbank AG was a Soviet-controlled bank in Frankfurt established in 1971. It was acquired by VTB Bank and changed its name to VTB Bank Deutschland. History Ost-West Handelsbank AG (OWHB) was founded in 1971 by the Soviet Union's Gosbank, VEB of the USSR and a number of allied trade associations with Andrey Dubonosov as chairman of the board.; 1900 – 1978) was a roofer's apprentice when he volunteered for the Red Army in 1918 and in 1921 he became a Chekist with the Special Department in the Moscow Region (Lubyanka, 14) and took finance courses after which he transferred to Gosbank and took evening courses at the Industrial and Economic Institute (russian: промышленно-экономический институт). After graduating, he became the director of the Dalbank (russian: Дальбанк) in Harbin in 1930. After the Japanese occupied Manchuria and established the puppet state Manchukuo, he sold the Soviet's road to Japan for 140 million yen. He ...
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Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its namesake Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic center of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area. Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries, and was one of the most import ...
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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 Gosbank, 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 Limited, Moscow Narodny Bank, based in London. In 1982 Gerashcheko moved to work in the VTB Bank, Vneshtorgbank, responsible for the Soviet foreign trade. Seven years later he was appointed Gosbank#Chairman_of_the_Board_o ...
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Banks Of Germany
A bank is a financial institution that accepts 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 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 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 concepts of credit and lending that had their roots in the anc ...
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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 1 ...
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Inkombank
Vladimir Viktorovich Vinogradov (Russian Владимир Викторович Виноградов) (19 September 1955 in Ufa — 29 June 2008 in Moscow) was the owner and president of Inkombank, one of the largest banks in 90s' Russia. Considered one of Russia's oligarchs, he was ranked 12th in the list of the top 20 richest Russians in 1996. His bank underwent bankruptcy following the 1998 Russian financial crisis. Early life Vladimir Viktorovich Vinogradov was born in 1955 in Ufa, Bashkiria. He lost his father when he was a child, and grew up in modest circumstances. He graduated from the Moscow Aviation Institute with a degree in mechanical engineering. From 1979 until 1985 he worked at the Atommash factory in Volgodonsk as a construction engineer. He took a leading role in the Komsomol, the Communist Youth organisation, and was given the opportunity to continue his studies at the Plekhanov Russian Academy of Economics, becoming the Soviet industrial bank Promstroibank's chie ...
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Deutsche Mark
The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the o ...
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Rossiyskaya Gazeta
' (russian: Российская газета, lit. Russian Gazette) is a Russian newspaper published by the Government of Russia. The daily newspaper serves as the official government gazette of the Government of the Russian Federation, publishing government-related affairs such as official decrees, statements and documents of state bodies, the promulgation of newly approved laws, Presidential decrees, and government announcements. History ''Rossiyskaya Gazeta'' was founded in 1990 by the Supreme Soviet of the Russian SFSR during the '' glasnost'' reforms in Soviet Union, shortly before the country dissolved in 1991. ''Rossiyskaya Gazeta'' became official government newspaper of the Russian Federation, replacing ''Izvestia'' and '' Sovetskaya Rossiya'' newspapers, which were both privatized after the Soviet Union's dissolution. The role of ''Rossiyskaya Gazeta'' is determined by the Law of the Russian Federation N 5-FZ, dated 14 June 1994 and entitled "''On the Procedure of P ...
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Banque Commerciale Pour L'Europe Du Nord – Eurobank
Banque Commerciale pour l’Europe du Nord (BCEN) or Banque Commerciale pour l'Europe du Nord – Eurobank (BCEN-Eurobank) was a Soviet-controlled bank in Paris,The piratization of Russia: Russian reform goes awry. Marshall I. Goldman. founded in 1921 by wealthy Russian emigres and supported by Leonid Krasin who, in 1925, sold their stakes to the USSR. It maintained correspondent accounts with Western banks to secure lines of credit for facilitating Soviet imports into that country in which the correspondent account is located. Also, these correspondent accounts performed foreign currency exchange for the Kremlin. History During the 1920s and 1930s, Soviet and numerous foreign sources referred to this bank as the Aero Bank (russian: «Аеробанк») or Airbank in Paris (russian: «Эйробанк» в Париже) and not the Aero-Bank SA which was a branch of the German bank ''Aerobank'', which was known as the Bank der Deutschen Luftfahrt AG (BDL), and established in Paris ...
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Moscow Narodny Bank
Moscow Narodny Bank is a Russian bank. It was established under the Articles of Association approved by the Ministry of Finance on March 3, 1911 (published in the Collection of Edicts and Executive Orders of the Government of Russia on September 29, 1911). It was opened in Moscow on May 9, 1912. History The idea of setting up such a bank occurred at the First All-Russian Convention of Representatives of Cooperative Establishments in 1908 and was endorsed afterwards by annual conventions of cooperators. The purpose of setting-up and operation of the Moscow Narodny Bank was: “to deliver monetary funds to small loan institutions and all kinds of cooperative enterprises in order to ease their turnovers”. The governing body of the Bank was determined by the Board, which was located in Moscow, the controlling body was the council. The Bank's fixed capital at its establishment was 1 million rubles, divided into 4,000 shares with a par value of 250 rubles.Хрестоматия по ...
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Sergey S
Sergey may refer to: * Sergey (name), a Russian given name (including a list of people with the name) * Sergey, Switzerland, a municipality in Switzerland * ''Sergey'' (wasp), a genus in subfamily Doryctinae The Doryctinae or doryctine wasps are a large subfamily of braconid parasitic wasps (Braconidae). Numerous genera and species formerly unknown to science are being described every year. This subfamily is presumably part of a clade containing o ...
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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. When th ...
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