On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Joint-Stock Commercial Bank Passenger Transport Enterprises Development of Moscow Mostransbank (open joint-stock company) or JSCB Mostransbank OJSC with federal banking laws and Bank of Russia regulations, 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)’, given the real threat to the creditors’ and depositors’ interests, and guided by Article 19, Clause 6 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 decided (Order No. OD-1408, dated 5 May 2016) to revoke the banking licence from the credit institution Joint-Stock Commercial Bank Passenger Transport Enterprises Development of Moscow Mostransbank (open joint-stock company) (Bank of Russia Registration No. 2258, date of registration — 29 January 1993) from 5 May 2016.

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05.05.2016 00.00.00