Donau Bank

Donau Bank 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.[1] In 2006 the name was changed to VTB Bank (Austria) AG.

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 - In the context of VTB’s international rebranding program, Donau Bank AG is renamed VTB Bank (Austria) AG.
  • 2007 - to present - VTB Bank (Deutschland) AG and VTB Bank (France) SA are placed under VTB Bank (Austria) AG and together form a subgroup of the VTB Group.
  • 2011 - Launch of VTB Direct Bank in Germany[2]

References

  1. ↑ Banking 1991-2000 Archived 2008-02-17 at the Wayback Machine. Kommersant
  2. ↑ The VTB Brand

See also

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