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,[1] founded in 1921.[2]

In 2005, Russia's Vneshtorgbank became the major shareholder. Later, Vneshtorgbank changed its name to VTB Bank, and BCEN-EUROBANK name was changed to VTB Bank (France) SA.

History

The Soviet Union used the bank to manage Spain's gold reserves during the Spanish Civil War.[3]

Key people

• Thomas Alibegov, Director General (1982–1987)

References

1. The piratization of Russia: Russian reform goes awry. Marshall I. Goldman.
2. Intelligence Report Soviet-owned Banks in the West
3. http://www.gutenberg-e.org/kod01/frames/fkod16.html

See also

• Foreign trade of the Soviet Union