Ost-West Handelsbank Expands International Trade Opportunities

Ost-West Handelsbank is a leading provider of trade finance solutions in the region, with a strong focus on supporting small and medium-sized enterprises (SMEs) in their international trade endeavors.

The bank's expertise in trade finance allows SMEs to tap into new markets and expand their customer base, ultimately driving economic growth and development in the region.

With its extensive network of international partners and branches, Ost-West Handelsbank is well-positioned to facilitate cross-border transactions and provide valuable insights to its clients on market trends and regulations.

By leveraging the bank's expertise and resources, SMEs can overcome the complexities and risks associated with international trade and achieve their business goals.

Ost-West Handelsbank AG was founded in 1971 by the Soviet Union's Gosbank, VEB of the USSR, and a number of allied trade associations with Andrey Dubonosov as chairman of the board.

In its early years, Ost-West Handelsbank supported trading between West Germany and the Soviet Union and its friendly socialist states, including East Germany. This was a significant development in the history of Germany-Soviet Union relations.

Ost-West Handelsbank gained stakes in Moscow People's Bank (London) and Wozkhod Handelsbank (Zurich) in 1974, with Viktor Gerashchenko becoming the second chairman of the board.

The bank's Moscow branch was opened at Kamergersky Lane, 6, in 1983. This marked a significant milestone in the bank's expansion into the Soviet Union.

By 1990, Ost-West Handelsbank had become the third largest of the daughters of the State Bank of USSR, behind the Moscow Narodny Bank in London and Banque Commerciale pour l'Europe du Nord – Eurobank in Paris.

We're proud of our rich history, and I'm excited to share it with you. Ost-West Handelsbank AG was founded in 1971 by the Soviet Union's Gosbank, VEB of the USSR, and a number of allied trade associations with Andrey Dubonosov as chairman of the board.

Ost-West Handelsbank started supporting trading between West Germany and the Soviet Union and its friendly socialist states, including East Germany. This was a significant step in facilitating economic cooperation between the two regions.

In 1973, OWHB began facilitating trade between East Germany and West Germany through its stand at the annual spring and autumn festivals in Leipzig. This was a popular event that brought people together and helped to promote economic growth.

By 1990, Ost-West Handelsbank had become the third largest of the daughters of the State Bank of USSR, behind the Moscow Narodny Bank in London and Banque Commerciale pour l'Europe du Nord – Eurobank in Paris.

Here's a quick rundown of our key milestones:

In the early 1990s, Sergei Nikolaevich Dergachyov became president of Ost-West Handelsbank, serving from December 1993 to November 2002.

Correspondence played a significant role in ancient civilizations, with the development of writing systems allowing for the exchange of ideas and information over long distances.

The ancient Egyptians used a variety of writing tools, including reeds and brushes, to create intricate hieroglyphics that conveyed complex messages.

The earliest known example of written correspondence is the Tărtăria tablets, which date back to around 5300 BC and feature a form of proto-writing.

The ancient Greeks relied heavily on written correspondence, with letters and epistles serving as a primary means of communication between friends, family, and leaders.

In ancient Rome, written correspondence was also a crucial aspect of governance, with officials and politicians using letters to convey orders, decrees, and policies.

The invention of the postal system in ancient China during the Han Dynasty allowed for the efficient and widespread exchange of correspondence.

The use of written correspondence has continued to evolve over time, with the advent of new technologies and innovations in communication.

The Ost-West Handelsbank AG has a rich history that dates back to 1971, when it was founded by the Soviet Gosbank, the Central Bank of the USSR, and several allied trade associations, with Andrej Dubonosow as its first chairman.

In 1974, the bank acquired stakes in the Moscow People's Bank (London) and the Wozkhod Handelsbank (Zürich), marking an expansion of its global reach.

The bank's early years were marked by significant milestones, including the appointment of Igor Semjonow as chairman in 1976, and the opening of its Moscow branch in 1983.

Here are some key dates in the bank's history:

The bank's leadership underwent changes in the late 1980s, with Anatoli Tsemjanski taking over in 1985, and Valeri Ljutschow succeeding him in 1986, before being replaced by Sergej Michailowitsch Botschkarew in 1989.

By 1990, the Ost-West Handelsbank had become one of the largest subsidiaries of the Gosbank, with a capital contribution of 65 million DM by the end of 1991.

Ost-West Handelsbank AG was founded in 1971 by the Soviet Union's Gosbank, VEB of the USSR, and a number of allied trade associations with Andrey Dubonosov as chairman of the board.

Ost-West Handelsbank supported trading between West Germany and the Soviet Union and its friendly socialist states, including East Germany, and later between Germany and the CIS states.

In 1973, OWHB facilitated trade between East Germany and West Germany through its stand at the annual spring and autumn festivals in Leipzig.

Ost-West Handelsbank gained stakes in Moscow People's Bank (London) and Wozkhod Handelsbank (Zurich) in 1974, with Viktor Gerashchenko becoming the second chairman of the board.

Igor Semyonovich Gorbatsevich took over as chairman of the board in 1976, replacing Gerashchenko, who transferred to the Singapore branch of the Moscow Narodny Bank (MosNarBank) London.

By 1990, Ost-West Handelsbank had become the third largest daughter of the State Bank of USSR, behind Moscow Narodny Bank in London and Banque Commerciale pour l'Europe du Nord – Eurobank in Paris.

At the end of 1991, Ost-West Handelsbank had a DM 65 million paid-in share of capital.

Here are some key milestones in Ost-West Handelsbank's history: