Banque Commerciale pour l'Europe du Nord – Eurobank

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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 Russian Vneshtorgbank became the major shareholder. Vneshtorgbank changed its name to VTB Bank and BCEN-EUROBANK name was changed to VTB Bank (France) SA.

History[edit]

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

References[edit]

  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[edit]