On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution National Corporate Bank, joint-stock company, or NATSCORPBANK JSC with federal banking laws and Bank of Russia regulations, considering repeated violations within one year of Bank of Russia requirements stipulated by Articles 6, 7 (excluding Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ and Bank of Russia regulatory requirements issued in accordance with the said law, equity capital adequacy ratios below two per cent, decrease in bank equity capital below the minimum value of the authorised capital established as of the date of the state registration of the credit institution, due to repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, guided by Article 19, Clauses 6, 6¹ of Part 1 and clauses 1, 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-900, dated 17 March 2016) to revoke the banking licence from the credit institution National Corporate Bank, joint-stock company, (Bank of Russia Registration No. 3422, date of registration — 14 October 2002) from 17 March 2016.

The reference to the Press Service is mandatory if you intend to use this material.

17.03.2016 00.00.00