On revocation of banking licence

Due to the failure by the Astrakhan-based credit institution Public Joint-stock Company Agroinvestment Commercial Bank, PJSC AGROINCOMBANK, to comply with federal banking laws and Bank of Russia regulations, the fall of the bank’s all capital adequacy ratios below 2%, the drop of its equity capital below the minimum amount of the authorised capital established as of the date of state registration of the credit institution and also due to repeated application against the bank of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ over the past year, and guided by Article 19, Clause 6 of Part 1 and Clauses 1, 2 of Part 2 of Article 20 of the Federal Law ‘On Banks and Banking Activities’, and Part 11 of Article 74 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, the Bank of Russia decided (Order No. OD-2985, dated 2 November 2015) to revoke the banking licence from the credit institution Public Joint-stock Company Agroinvestment Commercial Bank (Bank of Russia Registration No. 1946, date of registration — 6 July 1992) from 2 November 2015.

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02.11.2015 00.00.00