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On removing information from state register of microfinance organisations

15 July 2014
Press release

On 14 July 2014, the Bank of Russia took a decision to remove information on Business-Garant Credit Agency, limited liability company (PSRN 1096312003424), from the state register of microfinance organisations.

The reason to take this decision was repeated violation within a year of the requirements of Federal Law No. 151-FZ dated 2 July 2010 ‘On Microfinance and Microfinance Organisations’ and other regulations, notably:

— the organisation failed to provide documents containing the report on microfinance activity and their management personnel for the first nine months of 2013;

— the organisation failed to provide information on amendments to its founding documents.


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15.07.2014 00.00.00