On revocation of banking licence

Due to non-compliance by the Saint Petersburg-based credit institution Open Joint-Stock Company EUROSIB BANK or OJSC EUROSIB BANK with federal banking laws and Bank of Russia regulations, ascertainment of significant corruption of the reported data, repeated violations within a year of the requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ and 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, Clauses 3 and 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-1659 of 7 July 2014) to revoke the banking licence from the credit institution Open Joint-Stock Company EUROSIB BANK (Bank of Russia Registration No. 594, date of registration — 26 October 1990) from 7 July 2014.

The reference to the Press Service is mandatory if you intend to use this material.

07.07.2014 00.00.00