Established in Luxembourg on June 12, 1974 as East West United Bank. From 1974 to 1992, the main shareholders of the Bank were the State Bank of the USSR (later the Central Bank of Russia) and Vneshtorgbank (the Russian Bank for Foreign Trade). From 1992 to 2000 Private Bank Imperial became one of the main shareholders. From 2000 to 2007, Vneshtorgbank is the main shareholder of EWUB. In 2001, AFK Sistema bought the first block of shares in the Bank. From 2007 to the present, AFK Sistema has been the majority shareholder: it directly controls 34% of the bank's capital and indirectly, through MTS Bank, the remaining 66%
The bank is focused on serving Russian clients; each department has Russian-speaking employees. In addition, the Bank's employees speak English, French, German, Greek and Dutch.
Today 34% of shares are owned by AFK Sistema (the largest public diversified financial company in Russia and the CIS) directly and 66% through MTS-Bank. More than 64% of Sistema's shares are owned by Russian businessman Vladimir Yevtushenkov, known in the highest circles of Luxembourg society as one of the honorary consuls of the Grand Duchy in Russia
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.