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Relationship was terminated
In 1997, on our trip around Luxembourg, we got acquainted with a bank which, probably due to its ‘Polish origin’, showed rather open-minded attitudes to CIS clients.
But even at that time the major shareholder of the Luxembourg bank, Bank Handlowy w Warszawie SA, was 55%-owned by the US CitiBank, which was actively increasing its participation, and by 1999 the Luxembourg bank had ceased to exist in its initial capacity and under the previous name. The Russian-speaking staff, as it often happens, continued their careers in another financial institution of the Great Duchy, much to the delight of clients and us.
In 1999 ceased to exist
Relationship was terminated
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