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On revocation of banking licence

10 November 2015
Press release

Due to the non-compliance by the Moscow-based credit institution joint-stock company Commercial Bank Russian Slavic Bank or JSC BANK RSB 24 with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Articles 6, 7 (except for Clause 3 of Article 7) and 7.2 of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, 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)’, taking account of a real threat to creditors’ and depositors’ interests, and guided by Article 19, Clauses 6 and 6¹ 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-3095, dated 10 November 2015) to revoke the banking licence from the credit institution joint-stock company Commercial Bank Russian Slavic Bank (Bank of Russia Registration No. 1073, date of registration — 5 December 1990) from 10 November 2015.


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