On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Commercial Bank Regional Sectoral Specialised Automotive Industry Bank, limited liability company, or LLC CB ROSAVTOBANK with federal banking laws and Bank of Russia regulations, considering repeated violations within one year of Bank of Russia requirements stipulated by Articles 6, 7 (excluding Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, equity capital adequacy ratios below 2 per cent, decrease in bank equity capital below the minimum value of the authorised capital established by the Bank of Russia as of the date of the state registration of the credit institution, due to repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, considering a real threat to the creditors’ and depositors’ interests, guided by Article 19, Clauses 6, 6¹ 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-766, dated 4 March 2016) to revoke the banking licence from the credit institution Commercial Bank Regional Sectoral Specialised Automotive Industry Bank, limited liability company, (Bank of Russia Registration No. 2767, date of registration — 28 March 1994) from 4 March 2016.

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04.03.2016 00.00.00