On revocation of banking licence

Due to incompliance by the Moscow-based credit institution Commercial Bank Millenium Bank, closed joint-stock company, or Millenium Bank CJSC with federal banking laws and Bank of Russia regulations, all equity (capital) adequacy ratios below 2 per cent, decrease in bank capital below the minimum value of the authorised capital established as of the date of the state registration of the credit institution, inability to meet creditors’ claims on monetary obligations, considering repeated application within a year of measures stipulated by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, guided by Article 19, Clause 6 of Part 1 and clauses 1, 2, 4 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 took a decision (Order No. OD-376, dated 5 February 2016) to revoke the banking licence from the credit institution Commercial Bank Millenium Bank, closed joint-stock company, (Bank of Russia Registration No. 3423, date of registration — 13 November 2002) from 5 February 2016.

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05.02.2016 00.00.00