Amsterdam Trade Bank (ATB) is a commercial bank registered in the Netherlands between 1994 and 2022. The bank specializes in providing trade finance to companies wishing to do business in the countries of the former Soviet Union.

ATB is regulated by ABN Amro.

History

The company was founded in 1994 through Alexander Smolensky, formerly known as Stolichny Bank International, a subsidiary of the Russian SBS-AGRO Bank (Russian ：СБС-Агро）, providing trade finance to companies wishing to do business in the former Soviet Union. In addition to the Dutch branch, Stolichny Bank International has other international branches in Kazakhstan and Macedonia. SBS-AGRO, Russia's largest private bank, was restructured after the 1998 Russian financial crisis.

In 2001, it became a subsidiary of the Russian private investment consortium Alpha Coefficient Group through the limited liability company ABH Holdings S.A. (Luxembourg) and its subsidiary ABH Financial Limited, which partially controls the assets of Alpha Coefficient Bank. Mikhail Fridman, a Ukrainian-born Russian businessperson, later said that through Alpha Coefficient Bank, he indirectly owned a minority stake in ATB.

Amsterdam Tradebank opened Internet branches in the Netherlands, Germany and Austria in 2003, 2006 and 2011, respectively.

On April 22, 2022, the Amsterdam District Court declared the Amsterdam Tradesbank insolvent

Dispute

In 2004 and 2007, the ATB accounts of the offshore company Sevenkey Limited were used to transfer large amounts of US dollars to Gallagher Holdings Limited, which is linked to Alisher Usmanov, owned by Olga Shuvalova (Igor Shuvalov's wife) and supported by the law firm ALM Consulting (Russian ：«АЛМ-Консалтинг»） founded by Alexander Mamut. And the bank accounts of Unicast Technologies Corporation, which is linked to Eugene Shvidler. Usmanov used funds from a 2004 deal to buy his stake in the Anglo-Dutch steel company Corus Group.

In 2017, the International Cooperation of Investigative Journalists claimed that ATB was involved in a notorious money laundering scheme, but the bank denied this. 34.50 million dollars were allegedly transferred through Amsterdam Tradebank accounts. Paul Radu led the investigation, and the Dutch Financial Crimes Prosecutor (Dutch: Fiscale inlichtingen- en opsporingsdienst (FIOD)) searched ATB offices. The search found no evidence of money laundering, although the bank still placed greater emphasis on its compliance department in the wake of the incident.

Corporate Governance

The Acting Directors of ATB 2018 are:

• Harris Antonio (Chief Executive Officer)
• Eric Steeghs (Chief Financial Officer)
• Peter Ullman (CRO)

There are also some non-acting directors on the Supervisory Board