On revocation of banking licence

Due to the non-compliance by the Vsevolzhsk-based credit institution joint-stock company Russian Commercial and Industrial Bank or JSC Ruscobank (the Leningrad Region) with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Articles 6 and 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, and the related Bank of Russia regulations, and application of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, given a real threat to the depositors’ and creditors’ 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 took a decision (Order No. OD-1912, dated 21 June 2016) to revoke the banking licence from the credit institution joint-stock company Russian Commercial and Industrial Bank (Bank of Russia registration No. 138, date of registration — 11 April 1991) from 21 June 2016.

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21.06.2016 00.00.00