On revocation of banking licence

Due to the failure by the Moscow-based credit institution Financial Standard Commercial Bank Limited or Financial Standard Bank to comply with federal banking laws and Bank of Russia regulations, due to the fact that the values of all capital adequacy ratios of the bank are below two percent, because of decrease in the bank capital below the minimum amount of the authorised capital established as of the date of the state registration of the credit institution, due to the bank’s inability to meet monetary obligations to creditors, taking into account repeated applications within one year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, taking into account the repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation, and 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 decided (Order No. OD-1797, dated 8 June 2016) to revoke the banking licence from the credit institution Financial Standard Commercial Bank Limited (Bank of Russia Registration No. 1053, date of registration is 3 December 1990) from 8 June 2016.

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08.06.2016 00.00.00