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OWH i.L. publishes annual financial statements for 2023

In the short financial year from 1 April 2023 to 31 December 2023, Frankfurt-based company OWH i.L. (OWH), which is in liquidation, was able to reduce its total assets by around a third from EUR 3.6 billion to EUR 2.4 billion. The sharp decline is primarily due to the further …


OWH with new address from 1 July 2024

OWH SE i.L. is moving in Frankfurt on 1 July 2024.

The new business address is:

  • OWH SE i.L.
  • Taunusanlage 9-10
  • 60329 Frankfurt am Main

    Phone: 069 2168-0


    US sanctions authority OFAC announces de-listing

    The United States Office of Foreign Assets Control (OFAC) has removed OWH SE i.L. (OWH), which operated as VTB Bank (Europe) SE prior to its renaming, from the list of sanctioned entities. This is a consequence of the German Federal Financial Supervisory Authority’s (BaFin) shielding …


    VTB Bank (Europe) SE i.L. changes name to OWH SE i.L.

    Frankfurt-based VTB Bank (Europe) SE i.L. – VTBE for short – intends to change its name at the turn of the year 2023/24. It will continue to operate under the name OWH SE i.L. from January 1, 2024. A corresponding proposal to change the company name is the only item on the agenda of an Extraordinary General Meeting convened for…


    VTB Bank (Europe) SE i.L. presents latest figures for 2022

    VTB Bank (Europe) SE i.L. (VTBE) reports on its current business performance with the publication of its annual financial statements for 2022 and additional unaudited figures as of the end of the first half of 2023. The subsidiary of Russia’s second-largest bank, which is based in Frankfurt am Main and …


    VTB Direktbank: Wind-down of business relations

    In the coming weeks and months, VTB Direktbank in Frankfurt will successively and in several tranches terminate existing contracts with savers and repay their deposits, including all interest accruing until payment. The background to this measure is the special situation of the bank and …


    Resolution for the Liquidation of VTB Bank (Europe) SE

    With the votes of the voting trustee the Extraordinary General Meeting of VTB Bank (Europe) SE (VTBE) on March 24, 2023 in Frankfurt am Main passed the resolution that the bank will be liquidated on April 1, 2023. The Executive Board and Supervisory Board had submitted a corresponding proposal to …


    VTB Bank (Europe) SE closes branch in Vienna

    The VTB Bank (Europe) SE (VTBE) with its head office in Frankfurt am Main will close its dependent branch in Vienna by the end of the year 2022. The closure of the branch in the Austrian capital city is, among other things, a consequence of the ban on new business imposed on VTBE by …


    Supervisory Board approves social plan

    The supervisory board of VTB Bank (Europe) SE (VTBE) has approved the social plan and reconciliation of interests negotiated between the bank’s management and works council. The Frankfurt-based subsidiary of Russia’s second largest bank is no longer allowed to grant loans or accept deposits due to a ban …


    British sanctions authority extends license of VTBE

    Only a few days after the U.S. Office of Foreign Asset Control (OFAC) granted an important license to VTB Bank (Europe) SE (VTBE) in Frankfurt, the British sanctions authority, the Office of Financial Sanctions Implementation (OFSI), also extends the license, which until then …


    VTBE obtains license from the US sanctions authority

    With effect from September 19, 2022, the Frankfurt-based VTB Bank (Europe) SE (VTBE) has received a license from the US Office of Foreign Assets Control (OFAC). OFAC is a division of the US Department of the Treasury and is responsible, among other things, for the control and …


    Financial statements for 2021 and H1 2022

    VTB Bank (Europe) SE (VTBE), headquartered in Frankfurt, closed the 2021 financial year with a net profit of EUR 26.9 million despite the noticeable effects of the coronavirus crisis, as is revealed in the bank’s annual report, which has just been published. Business development was positive in 2021, and …


    Successful separation of IT services from Moscow

    Within just a few months, VTB Bank (Europe) SE (VTBE) with headquarters in Frankfurt has managed to completely take over all comprehensive IT services rendered to date in Moscow or move to new service providers. This ensures the further orderly operation of the bank, which has a German license, is currently …


    Exclusion from the Association of Foreign Banks has no impact

    The Management Board of VTB Bank (Europe) SE (VTBE) does not recognise any effects of the decision taken at the General Meeting of the Association of Foreign Banks in Germany (VAB) to exclude VTBE from the Association. VTBE had already been suspended as a member of the association at …


    Situation at VTB Bank (Europe) SE has stabilized

    The critical situation in which VTB Bank Europe SE (VTBE) in Frankfurt found itself immediately after Russia’s invasion of Ukraine has been successfully overcome in recent weeks by the newly appointed management. “The bank’s liquidity situation is stable, and we have been able to cope with the strong …