On revocation of banking licence

Due to non-compliance by the Moscow-based credit institution CLOSED JOINT-STOCK COMPANY COMMERCIAL BANK SOFRINO or CJSC SOFRINO BANK with federal banking laws and Bank of Russia regulations, capital adequacy ratio below 2 percent, decrease in own funds (capital) below the minimal value of authorised capital established by the Bank of Russia as of the date of the state registration of the credit institution, 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 and Clauses 1 and 2 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-1251 dated 2 June 2014) to revoke the banking licence from the credit institution CLOSED JOINT-STOCK COMPANY COMMERCIAL BANK SOFRINO (Registration No. 2972, date of registration — 18 July 1994) from 2 June 2014.

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02.06.2014 00.00.00