45 years bridging the East and the West

EWUB Today

We are proud of our team and our history. For 45 years, we have built a strong and independent bank open to clients from all over the world.

  • 500+

    corporate and private clients
  • €156

    million in shareholder equity
  • 33%

    tier 1 capital adequacy ratio
  • 5

    business lines

    • Private Banking
    • Corporate Banking
    • Transactional Banking
    • Global Markets
    • Trade Finance
  • 100

    professionals from 29 countries
  • 45

    years on the Luxembourg’s banking market

EWUB: the beginning of the journey

We have come a long way over the past 45 years from a closed institution representing the foreign economic interests of the Soviet Union to a universal bank offering premium services to private and corporate clients. We invite you on a journey through the history of the bank, which is closely tied to the history of Luxembourg.


JSFC Sistema takes ownership of EWUB

The publicly traded investment company JSFC Sistema is a large and prominent private investor. It manages the strongest national companies and accounts for approximately 1 percent of the Russian economy.

In 2010, JSFC Sistema injects 50 million Euro into the bank’s equity, demonstrating confidence in the bank’s prospects and a commitment to its development.


Luxembourg — the business and financial center of Europe

The duchy that pioneered the unification of Europe in the early 20th century joins the Eurozone in 1999, and since then has been actively participating in creating a unified economic space in the region and taking the financial lead in the new Europe. The state abandons offshore economy and improves its legislation, creating favourable conditions for explosive growth of the financial sector and innovation development. All of these measures lead to the recognition of Luxembourg as one of the most attractive jurisdictions for doing business.

  • Reliability

    Luxembourg holds the highest AAA credit rating from three major international rating agencies.
  • Finance

    Luxembourg is the second largest in the world and the largest in Europe investment funds centre with total funds volume of €4.3 trillion. European private banking hub with assets under management of €360 billion.
  • Taxes

    Corporate income tax rate — 26 percent. Tax breaks for companies investing in business. One of the lowest personal income tax rates in Europe.
  • Innovations

    Over 30 spacetech and 150 fintech companies operate in the country. Luxembourg is one of two countries in the world to pass legislation on space mining.

EWUB — strong bridge between the West and Russia

In 2015, new management team comes on board with former Minister of Economy and Foreign Trade Jeannot Krecke taking the lead as the Board Chairman. The bank approves a new strategy, focused on the development of private and transactional banking, thus beginning a new chapter in the history of the bank products.

EWUB — active corporate citizen of Luxembourg

From the very beginning the bank ensures its active role in the social life of the dukedom. Support to local companies of national importance, renovation of architectural monuments, patronage to the Russian school of supplementary education «Kalinka», hosting cultural events representing Russia in Europe or Luxembourg in Russia — to name but a few of EWUB’s initiatives. In 2009 Vladimir Evtushenkov, the controlling shareholder of JSFC Sistema, became an Honorary Consul of Luxembourg to Russia. His role is to facilitate mutual investments and cultural exchange between the two countries.