On cancelling banking licence of INTERREGIONAL POST BANK

By its Order No. OD-552, dated 3 March 2017, the Bank of Russia cancelled the banking licence of the Moscow-based credit institution COMMERCIAL BANK INTERREGIONAL POST BANK (limited liability company) or CB INTERREGIONAL POST BANK (Reg. No. 3171) from 3 March 2017.

The Bank of Russia cancelled the licence of CB INTERREGIONAL POST BANK pursuant to Article 23 of the Federal Law ‘On Banks and Banking Activity’ due to the decision of the credit institution’s authorised body to terminate the activity by way of voluntary liquidation in compliance with Article 61 of the Civil Code of the Russian Federation and to send the related request to the Bank of Russia.

The reporting data provided to the Bank of Russia suggest that the credit institution’s assets allow it to meet creditors’ claims.

In compliance with Article 62 of the Civil Code of the Russian Federation and Article 57 of the Federal Law ‘On Limited Liability Companies’, a liquidation committee will be appointed to CB INTERREGIONAL POST BANK.

CB INTERREGIONAL POST BANK is a member of the deposit insurance system. The cancellation of banking licence is an insured event envisaged by Federal Law No. 177-FZ ‘On Insurance of Household Deposits with Russian Banks’ regarding the bank’s obligations on deposits of households determined in accordance with the legislation. This Federal Law provides for the payment of insurance indemnity to the bank’s depositors, including individual entrepreneurs, in the amount of 100% of their balances but not exceeding the total of 1.4 million rubles per depositor.

According to the financial statements, as of 1 February 2017, CB INTERREGIONAL POST BANK ranked 475^th by assets in the Russian banking system.

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