Last Updated May 07, 2009
New Russian bank secures first for Europe
A new Russian bank, European-Russian Bank (ERB), has opened in the Czech Republic. It is the first Russian bank to win a banking licence to operate within the European Union. The bank’s key focus is on trade finance, focusing on the growing trade flows between Russia and the Czech Republic. Bank chairman Roman Popov speaks to Rebecca Spong about the challenges of breaking into Europe and his ambitions for the bank.
