On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Joint-stock Company SVYAZNOY BANK or SVYAZNOY BANK with federal banking laws and Bank of Russia regulations, due to the fact that the values of all capital adequacy ratios of the bank are below two percent, because of 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, and taking into account the repeated application over the past year of 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 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-3290, dated 24 November 2015) to revoke the banking licence from the credit institution Joint-stock Company SVYAZNOY BANK (Bank of Russia registration No. 1961, date of registration is 21 July 1992) from 24 November 2015.

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24.11.2015 00.00.00