On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution credit institution Idealbank, limited liability company, or Idealbank OOO, with federal banking laws and Bank of Russia regulations, 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, 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)’, and guided by Article 19, Clause 6 of Part 1 and Clause 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-833, dated 17 April 2015) to revoke the banking licence from the credit institution Idealbank, limited liability company, or Idealbank OOO, (registration No. 3491, date of registration is 20 November 2008) from 17 April 2015.

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17.04.2015 00.00.00