Moscow - International Moscow Bank (IMB)

city Moscow
RESOLUTION OF BOARD OF DIRECTORS 24.03.1989
OPENING 1989
CLOSING 2000
description

In 1989 Banca Commerciale Italiana (BCI), together with Soviet and other Western banks, set up a group to create a foreign majority-owned (60%) joint banking venture intended to foster and finance trade with the Soviet Union. Each of the group's members then bought a 12% stake in International Moscow Bank (IMB).
BCI formally ceased to be an IMB shareholder in 2000, when two of the other investors - the German bank HypoVereins and the Finnish bank Merita - became strategic shareholders in the bank.
BIBLIOGRAPHY

ASI-BCI, VCA; March 24, 1989; vol. 65, p. 299; vol. 66, pp. 1-5
ASI-BCI, VCA; Febuary 21, 2000; vol. 79, pp. 186-187
other banks in the same country Moscow - Banco di Napoli - Branch Moscow - KMB Bank, later Banca Intesa Moscow - Banca Commerciale Italiana - Representative Office Moscow - CARIPLO - Representative Office Moscow - Istituto Bancario San Paolo, later Sanpaolo IMI and subsequently Intesa Sanpaolo - Representative Office Moscow - Banco Ambrosiano Veneto, later Banca Intesa - Representative Office Moscow - Zao Banca Intesa
see in the map
Banca Commerciale Italiana (BCI) Russian Federation