On revocation of banking licence
Due to the non-compliance by the Samara-based credit institution Samara Mortgage & Land Bank LLC or LLC IPOZEMbank with federal banking legislation and Bank of Russia regulations, repeated violations over the last 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’, as well as Bank of Russia regulations issued in compliance with the said Federal Law, the repeated application over the past year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clauses 6 and 61 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activity’ 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-3286, dated 24 November 2015) to revoke the banking licence from the credit institution Samara Mortgage & Land Bank LLC (Bank of Russia Registration No. 3026, date of registration — 4 August 1994).
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24.11.2015 00.00.00