Tag: VTB Europe
How Russia’s VTB Europe survived a bank run
Frank Hellwig and Miro Zadro What the managers will do from 2024 is still open. (Photo: dpa, Imago, VTB [M]) Frankfurt When Miro Zadro looks at his mobile phone at…
How Russia’s VTB Europe survived a bank run
Frankfurt When Miro Zadro looks at his mobile phone at 6:45 a.m. on February 24, the entire display lights up green. “They invaded” is the first WhatsApp message read by…
Bankruptcy of the Netherlands subsidiary of the Russian Alfa Bank hits German savers
Alfa Bank founder Mikhail Fridman Its connection to Russian oligarch Mikhail Fridman and Alfa-Bank, which he founded, put Fibr Bank, formerly called ATB, on Western sanctions lists. (Photo: REUTERS) Frankfurt…
Bafin uses special representatives at VTB Europe
The VTB Bank logo The European subsidiary of the second largest Russian bank was on the brink at the beginning of the Ukraine war, but has since stabilized. (Photo: Reuters)…
Russian bank VTB loses control of European subsidiary
The logo of the Russian VTB Bank The EU’s new package of sanctions also affects Russia’s second-largest bank. (Photo: Reuters) Frankfurt The German financial regulator Bafin has prohibited the major…
Four out of five board members resign
Frankfurt In the office building at Rüsterstraße 7-9 in Frankfurt’s Westend district, nothing is as it used to be. The lettering of the company based there is covered with metal…
Russian bank VTB is putting its European branch up for sale
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt What’s next…