On revocation of banking licence

Due to non-compliance by the Irkutsk-based credit institution Open joint-stock company Joint-stock Commercial Bank Radian or OJSC JSCB Radian with federal banking laws and Bank of Russia regulations, repeated violations within a year of requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Counteracting the Legalisation (Laundering) of Criminally Obtained Incomes and Financing of Terrorism’, taking into account the repeated application over the past year of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and guided by Article 19, Clause 6 of Part 1 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-1249 dated 2 June 2014) to revoke the banking licence from the credit institution Open joint-stock company Joint-stock Commercial Bank Radian (Registration No. 1675, date of registration — 20 December 1991) from 2 June 2014.

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02.06.2014 00.00.00