Banking licence of NDCI Land Credit LLC cancelled
By its Order No. OD-1708, dated 12 August 2022, the Bank of Russia cancelled the banking licence of the Moscow-based Limited Liability Company Non-bank Deposit and Credit Institution Land Credit (hereinafter, NDCI Land Credit LLC) (Registration No.
The licence of NDCI Land Credit LLC was cancelled2 following the request that the credit institution submitted to the Bank of Russia after the decision of its sole shareholder 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.
The Bank of Russia will appoint a liquidator3 to NDCI Land Credit LLC.
NDCI Land Credit LLC is not a member of the deposit insurance system.
1 According to the financial statements as of 1 August 2022.
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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