AO UniCredit Bank, known from 1989 to 2007 as the International Moscow Bank (, IMB),[3] is a Russian bank headquartered in Moscow. It is a wholly owned subsidiary of Milan-based UniCredit.
History
International Moscow Bank was founded in October 1989 and capitalized with the hard currency reserves of Vnesheconombank, with the aim that IMB may eventually replace the troubled Vnesheconombank.[4] The founding shareholders were three state-owned Soviet banks together holding 40 percent of total equity (Vnesheconombank for 20 percent, Promstroybank for 10 percent, and Sberbank for 10 percent), and five international banks together holding 60 percent (Bayerische Vereinsbank, Creditanstalt-Bankverein, Banca Commerciale Italiana, Credit Lyonnais, and Kansallis-Osake-Pankki).