Banque Commerciale pour l'Europe du Nord – Eurobank

Banque Commerciale pour l’Europe du Nord (French pronunciation: [bɑ̃k kɔmɛʁsjal puʁ løʁɔp dy nɔʁ], BCEN) or Banque Commerciale pour l'Europe du Nord – Eurobank (BCEN-Eurobank) was a Soviet-controlled bank in Paris,[1] founded in 1921 by wealthy Russian emigres and supported by the Council of People's Commissars (SovNarKom) (Russian: Совнарком) through Leonid Krasin who, in 1925, sold their stakes to the Soviet Union.

[4] The Soviet Union used the bank to manage Spain's gold reserves during the Spanish Civil War.

[5] After the fall of the Soviet Union, many persons involved with BCEN-Eurobank became leaders in Russian economy, banking, and finance.

Eurobank participated in foreign currency exchange and Eurocurrency markets and was a leader in Eurodollar lending.

[9] The Soviet Union supplied funds through Eurobank to the French Communist Party (PCF).