Ost-West Handelsbank AG (OWHB) 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 West with the Soviet Union and its friendly socialist states including East Germany, and, after the reunification of Germany, it continued supporting trade between Germany and the CIS states. Bochkaryov was chairman of the board of OWHB from 1989 to 1993. By 1990, it was the third largest of the daughters of the State Bank of USSR behind the much larger
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. Dergachyov served as chairman of the board of Ost-West Handelsbank from December 1993 to November 2002. ==See also==