On revocation of banking licence

Due to the failure by the Moscow-based credit institution Joint-stock Commercial Bank EuroAxis Bank or JSCB EuroAxis Bank to comply with federal banking laws and Bank of Russia regulations, failure to comply with federal banking laws and Bank of Russia regulations, inability to satisfy its creditors’ claims on monetary liabilities, and taking into account the 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, Clause 6 of Part 1 and Clause 4 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 decided (Order No. OD-1665, dated 27 May 2016) to revoke the banking licence from the credit institution Joint-stock Commercial Bank EuroAxis Bank (Bank of Russia Registration No. 3273, date of registration is 24 October 1995) from 27 May 2016.

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27.05.2016 00.00.00