On the revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Commercial Bank Mestny Credit, a limited liability company (LLC CB MC Bank) with federal banking laws and Bank of Russia regulations, as well as repeated violations over the past year of the requirements stipulated by Article 7 (excluding Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, 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, 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-803 of 24 April 2014) to revoke the banking licence from the credit institution Commercial Bank Mestny Credit, a limited liability company (Registration No. 3370, date of registration — 11 April 2001) from 24 April 2014.

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24.04.2014 00.00.00