Banking licence of Registered Payment Institution EPS, LLC cancelled

By its Order No. OD-625, dated 9 April 2021, the Bank of Russia cancelled the banking licence of the Moscow-based Registered Payment Institution Electronic payment service, Limited Liability Company, or Registered Payment Institution EPS, LLC (Registration No. 3509-К). The credit institution ranked 379^th by assets in the Russian banking system.¹

The licence of Registered Payment Institution EPS, LLC was cancelled² following the request that the credit institution submitted to the Bank of Russia after the decision of the general shareholders’ meeting on its voluntary liquidation (in accordance with Article 61 of the Civil Code of the Russian Federation).

Based on the reporting data provided to the Bank of Russia, the credit institution has sufficient assets to satisfy creditors’ claims.

A liquidator³ will be appointed to Registered Payment Institution EPS, LLC.

Registered Payment Institution EPS, LLC is not a member of the deposit insurance system.

¹ According to the financial statements as of 1 March 2021.

² The licence was cancelled in accordance with Article 23 of the Federal Law ‘On Banks and Banking Activities’.

³ In accordance with Article 62 of the Civil Code of the Russian Federation and Article 57 of the Federal Law ‘On Limited Liability Companies’.

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09.04.2021 00.00.00