On removing information from state register of microfinance organisations

On 14 July 2014, the Bank of Russia took a decision to remove information on the following entities from the state register of microfinance organisations:

• SocFinance, limited liability company (PSRN 1090268002692);
• MEKA-S, limited liability company (PSRN 1136330000531);
• Ural Financial Company, limited liability company (PSRN 1120280013974);
• ST-Holding, limited liability company (PSRN 1105658007575).

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 organisations failed to provide documents containing the report on microfinance activity and their management personnel for Q1 2013, first six months and first nine months of 2013.

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15.07.2014 00.00.00