Banking licence of New Moscow Bank revoked
By its Order No. OD-110, dated 23 January 2023, the Bank of Russia revoked a banking licence from New Moscow Bank or NMB (Registration No. 2932, Moscow). The credit institution ranked 258th by assets in the Russian banking system.1
The Bank of Russia made this decision in accordance with Clause 6 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’,2 based on the facts that NMB violated federal banking laws and Bank of Russia regulations. The regulator has repeatedly applied measures against the bank, including restrictions on certain banking operations over the past 12 months.
NMB was not actually engaged in any business related to lending to the economy: the credit institution’s outstanding loans, equalling approximately 10% of its assets, were of extremely low quality. Specialising in cash management and payment services, the bank conducted large-scale, suspicious transactions with a group of clients showing signs of ‘technical’ companies for a long time. Despite repeated supervisory measures applied by the Bank of Russia, the management and owners of the credit institution did not take any steps to mitigate the identified risks.
The Bank of Russia has informed law enforcement agencies about transactions of NMB, which had signs of illegal activity.
By its Order No. OD-111, dated 23 January 2026, the Bank of Russia appointed DIA.RF to exercise the functions of a provisional administration to manage NMB. The provisional administration will exercise its functions until a receiver3 or a liquidator4 is appointed. In accordance with federal laws, the powers of the credit institution’s executive bodies were suspended.
Information for depositors: NMB is a participant in the deposit insurance system; therefore, its depositors5 will be compensated for their deposits in the manner and amount provided for by the Federal Law ‘On the Insurance of Deposits with Russian Banks’.
Deposits are to be repaid by DIA.RF. Depositors may obtain detailed information regarding the repayment procedure 24/7 at DIA.RF’s hotline
1 According to the financial statements as of 1 January 2026.
2 The Bank of Russia made this decision because the credit institution failed to comply with federal laws regulating banking activities and Bank of Russia regulations, taking into account the applied measures provided for by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia).’
3 In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.
4 In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.
5 Depositor is a citizen of the Russian Federation, foreign citizen, or person without citizenship, including those engaged in entrepreneurial activity, lawyers, notaries and other individuals who opened bank accounts (deposits) to carry out professional activities, or a legal entity specified in Article 5.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’, which concluded a deposit/account agreement with a bank, or any of the above mentioned persons on behalf of whom money was deposited and/or who is the holder of a savings certificate, or an owner of a special account (special deposit) intended to form and use the fund of capital repairs of common property in an apartment house opened in accordance with the requirements of the Housing Code of the Russian Federation.
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23.01.2026 08.33.00