On the revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Open Joint-Stock Company First Republican Bank (OJSC FRB) with federal banking laws and Bank of Russia regulations, inability to satisfy its creditors’ claims on monetary liabilities, taking into account the repeated application over the past year of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clause 6 of Part 1 and Clause 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-910 of 5 May 2014) to revoke the banking licence from the credit institution Open Joint-Stock Company First Republican Bank (Registration No. 1730, date of registration — 27 March 1992) from 5 May 2014.

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05.05.2014 00.00.00