Donau Bank

Donau Bank was a Soviet-controlled bank in Vienna, Austria.

It was acquired by Russian VTB Bank in 2000. 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

See also

• Foreign trade of the Soviet Union