On revocation of banking licence

Due to the non-compliance by the credit institution Ryazan-based Regional investment commercial bank Rinvestbank (limited liability company) or LLC RICB Rinvestbank with federal banking laws and Bank of Russia regulations, repeated violations over the last year of Bank of Russia requirements issued in accordance with the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, all capital adequacy ratios being below 2 percent, decrease in capital below the minimal value of the authorised capital established by the Bank of Russia as of the date of the state registration of the credit institution, repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clauses 6 and 6¹ of Part 1 and Clauses 1 and 2 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-2220, dated 14 July 2016) to revoke the banking licence of the credit institution Regional investment commercial bank Rinvestbank (limited liability company) (Bank of Russia Registration No. 3262, date of registration — 7 July 1995) from 14 July 2016.

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