On revocation of banking licence

Due to the repeated violations within a year of the requirements of Articles 6 and 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ and Bank of Russia regulations issued in accordance with the said Federal Law by the Moscow-based credit institution Commercial bank Bank of Settlements and Savings, limited liability company, or CB Bank of Settlements and Savings LLC, and guided by Article 19, Clause 6¹ of Part 1 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 took a decision (Order No. OD-1915, dated 3 August 2015) to revoke the banking licence from the credit institution Commercial bank Bank of Settlements and Savings, limited liability company (Bank of Russia Registration No. 2617, date of registration — 17 December 1993) from 3 August 2015.

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03.08.2015 00.00.00