On revocation of banking licence and appointment of provisional administration
By its Order No. OD-2867, dated 16 October 2014, the Bank of Russia revoked the banking licence from the Nizhnevartovsk-based credit institution open joint-stock company Bank Purpe or OJSC Bank Purpe (Registration No. 709, Tyumen Region, Khanty-Mansi Autonomous Area — Urga) from 16 October 2014.
The Bank of Russia took such an extreme measure — revocation of the banking licence — because of the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, 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 application of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’.
OJSC Bank Purpe did not comply with the requirements of the legislation on anti-money laundering and the financing of terrorism in terms of appropriate identification of its customers. The rules of internal controls of the credit institution did not comply with Bank of Russia regulations. The management and owners of the bank did not take measures to normalise its activities.
By its Order No. OD-2870, dated 16 October 2014, the Bank of Russia has appointed a provisional administration to OJSC Bank Purpe for the period until the appointment of a receiver pursuant to the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’ or a liquidator under Article 23.1 of the Federal Law ‘On Banks and Banking Activities’. In accordance with federal laws, the powers of the credit institution’s executive bodies are suspended.
OJSC Bank Purpe is a member of the deposit insurance system. The revocation of banking licence is an insured event envisaged by Federal Law No.
According to the financial statements, as of 1 October 2014, OJSC Bank Purpe ranked 640th by assets in the Russian banking system.
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16.10.2014 00.00.00