Zhilstroybank's banking licence cancelled
By its Order No. OD-442, dated 1 March 2019, the Bank of Russia cancelled the banking licence of the Moscow-based credit institution Joint-stock Company ‘Commercial Bank of Housing Construction’ or JSC CB Zhilstroybank (Registration No. 2769) from 1 March 2019.
The Bank of Russia cancelled the credit institution’s banking licence based on Article 23 of the Federal Law ’On Banks and Banking Activities’ following the decision of its sole shareholder to terminate its activity through liquidation according to Article 61 of the Civil Code of the Russian Federation and the submission of the respective application to the Bank of Russia.
Based on the reporting data provided to the Bank of Russia, the credit institution’s assets are sufficient to satisfy creditors’ claims.
In compliance with Article 62 of the Civil Code of the Russian Federation and Article 21 of the Federal Law ‘On Joint-stock Companies’, a liquidator will be appointed to JSC CB Zhilstroybank.
The credit institution is not a member of the deposit insurance system.
According to the financial statements, as of 1 February 2019, JSC CB Zhilstroybank ranked 456th by assets in the Russian banking system.
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