On revocation of banking licence
Due to the non-compliance by the Orel-based credit institution Bank ZERICH, closed joint-stock company, or Bank ZERICH CJSC with federal banking laws and Bank of Russia regulations, 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’, as well as Bank of Russia regulations issued in accordance with the said Federal Law, equity capital adequacy ratios below 2 per cent, decrease in bank equity capital below the minimum value of the authorised capital established by the Bank of Russia as of the date of the state registration of the credit institution, and repeated application within one year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, considering a real threat to the creditors’ and depositors’ interests, 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-674, dated 26 February 2016) to revoke the banking licence from the credit institution Bank ZERICH, closed joint-stock company, (Bank of Russia Registration No. 3278, date of registration — 16 November 1995) from 26 February 2016.
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26.02.2016 00.00.00