On cancelling banking licence of credit institution Asia Bank
By its Order No. OD-2969, dated 7 September 2016, the Bank of Russia cancelled the banking licence of the Moscow-based credit institution Joint Stock Company Asia Bank or JSC Asia Bank (Registration No. 3183) from 7 September 2016.
The Bank of Russia cancelled the banking licence of JSC Asia Bank pursuant to Article 23 of the Federal Law ‘On Banks and Banking Activities’ following the credit institution authorised body’s decision to terminate its activity through liquidation in accordance with Article 61 of the Civil Code of the Russian Federation and the submission of the respective application to the Bank of Russia.
Proceeding from data reported by JSC Asia Bank, the credit institution has enough assets to satisfy creditors’ claims.
In compliance with Article 62 of the Civil Code of the Russian Federation and Article 21 of the Federal Law ‘On Joint-stock Companies’, a liquidation commission will be appointed to JSC Asia Bank.
According to reporting data, as of 1 August 2016, JSC Asia Bank ranked 633rd in the Russian banking system in terms of assets.
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07.09.2016 00.00.00