Parties, anti-imperialism, and pro national liberation movements worldwide, these banks acted as subsidiaries or "daughters" to the "mother" bank or Gosbank, which was the central bank of Russian Soviet Federative Socialist Republic (Russia) from 1921-1922 and the Soviet Union from 1923-1991. In 1992 after the end of the Soviet Union, the Paris daughter bank BCEN-Eurobank had bad loans with Cuba, Morocco, and Mauritania and received a "silver plater" infusion of capital from Gosbank through a "participatory credit" () of $1080.2 billion in various currencies. The former Communist Party of the Soviet Union (CPSU) funds flowed through these daughter banks to overseas locations during the 1990s looting of Russia. After the collapse of the Soviet Union, these daughter banks were absorbed into the VTB network and are very closely associated with the Bank of Russia () which was the successor to Gosbank. Perestroika As part of Mikhail Gorbachev's perestroika program, other banks were formed, including; "Promstroybank" (USSR Bank of Industrial Construction), "Zhilstoybank" (USSR Bank of Residential Construction), "Agrobank" (USSR Agricultural Bank), "Vneshekonombank" (USSR Internal Trade Bank), and "Sberbank" (USSR Savings Bank). "Sberbank" continues to this day as one of Russia's largest banks, retaining senior ex-Gosbank personnel and most of the present Russian government's banking business. Senior executives This is the list of the Chairmen of the Board of the State Bank. The Chairman was appointed by the Premier of the Soviet Union. See also Economy of the Soviet Union Sberkassa Sovzagranbank Notes References External links Soviet Banking System, Pekka Sutela, Answers.com (accessed 2012-08-02) Banks of the Soviet Union Former central banks Defunct banks Banks established in 1921 Banks disestablished in 1991 1923 establishments in the Soviet Union Soviet state institutions