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Amsterdam Trade Bank (ATB) was a commercial bank registered in The Netherlands between 1994 and 2022.[1] The bank focused on providing trade financing for companies wishing to do business in former Soviet states.
 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (April 2014) |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1994 |
| Defunct | 2022 |
| Headquarters | , |
Key people | Ron Emerson (Chairman) Oren Bass (CEO) |
| Revenue |  €103.1 million (2010) |
| €32.8 million (2010) | |
| €8.16 million (2010) | |
Number of employees | 200 (2014) |
| Website | www |
ATB was supervised by De Nederlandsche Bank.
The company was founded in 1994 through Alexander Smolensky as Stolichny Bank International, a subsidiary of the Russian SBS-AGRO Bank (Russian: СБС-Агро)[a] to provide trade financing for companies wishing to do business in former Soviet Union.[2] In addition to the Netherlands branch, Stolichny Bank International had other international branches in Kazakhstan and Macedonia.[3] Following the 1998 Russian financial crisis, SBS-AGRO, which was Russia's largest private bank, went through restructuring.[2]
In 2001 it became a subsidiary of Russian private investment consortium Alfa Group through ABH Holdings S.A. a limited liability company (Luxembourg) and its subsidiary ABH Financial Limited which partially controls Alfa-Bank's assets.[4][5][b] Ukrainian-born Russian businessman Mikhail Fridman later stated that through Alfa-Bank he indirectly owned a minority stake in ATB.[6][7]
Amsterdam Trade Bank N.V. opened an internet branch in the Netherlands, Germany and Austria in 2003, 2006 and 2011, respectively.[8]
On April 22, 2022, the Amsterdam District Court declared the bankruptcy of Amsterdam Trade Bank N.V.[9]
In 2004 and again in 2007, an ATB account of the offshore company Sevenkey Limited, which is owned by Olga Shuvalova (wife of Igor Shuvalov) and supported by the Alexander Mamut-founded ALM Consulting (Russian: «АЛМ-Консалтинг») law firm, was used to transfer large amounts in US dollars to Gallagher Holdings Limited, which is associated with Alisher Usmanov, and a bank account of the company Unicast Technologies Corporation, which is associated with Eugene Shvidler.[10][11][12][13] Usmanov used the money from the 2004 transactions to purchase his stake in the Anglo-Dutch steel firm Corus Group.
In 2017 the international investigative journalist collaboration claimed ATB was involved in an infamous money laundering scheme, something the bank denied.[14] Allegedly, $34.5 million moved through Amsterdam Trade Bank accounts.[15] Paul Radu led the investigations, and ATB offices were searched by the Dutch financial crimes prosecutor (Dutch: Fiscale inlichtingen- en opsporingsdienst (FIOD)). The search did not result in proof of money laundering, although the bank had nonetheless placed a heavier emphasis on its compliance department following the events.
Acting directors of ATB in 2018 were:
There were also a number of non-acting directors in Supervisory Board.
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