On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Public Joint-stock Company Regional Bank for Development or PJSC RBD with federal banking laws and Bank of Russia regulations, established instances of material unreliability of financial statements, inability to satisfy its creditors’ claims on monetary liabilities, 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, Clauses 3, 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 took a decision (Order No. OD-3097, dated 10 November 2015) to revoke the banking licence from the credit institution Public Joint-stock Company Regional Bank for Development (Bank of Russia registration No. 2782, date of registration is 6 April 1994) from 10 November 2015.

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