On appointment of provisional administration

Due to the repeated violations over the past 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 Financing of Terrorism’ by the Moscow-based credit institution Commercial Bank European Express, limited liability company, or CB European Express LLC, 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-3164 dated 11 November 2014) to revoke the banking licence from the credit institution Commercial Bank European Express, limited liability company (Bank of Russia Registration No. 3449, date of registration — 27 January 2004 ), from 11 November 2014.

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