Bank GPB International S.A.
LeaveRussia detail: Continue Operations
Decision trail
Decision date 28/06/2024 · Reference ↗
A branch of Gazprombank, Bank GPB International, has been operating in Luxembourg for more than 10 years. GPB International is not your average European bank. There is a key link in the chain of settlements between Gazprombank and European companies purchasing Russian gas, without which transactions would not be possible. This is the Luxembourg bank GPB International, where Gazprombank opened a correspondent account for transactions in euros, whose managers remembered the Russian attack on Ukraine in 2022. After the start of the war, Luxembourg-based GPB International suffered neither from investigations by local authorities nor from sanctions and isolation of the Russian economy. On the contrary, he made record profits. According to the 2022 annual report, net profit after tax was 61.4 million euros.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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