On revocation of banking licence

In view of the failure of the Vladikavkaz-based credit institution open joint-stock company Investment Joint-Stock Dig-Bank (OJSC IJSB Dig-Bank) to observe the federal banking laws as well as regulations of the Bank of Russia, established facts of seriously distorted reporting data, repeated violation within one year of the requirements envisaged by Article 7 (with the exception of Item 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 a repeated use within one year of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation’ (the Bank of Russia), and acting in accordance with Article 19, Items 3 and 6 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’ (the Bank of Russia), the Bank of Russia took a decision (order No. OD-1459, dated 23 June 2014) to revoke the banking licence issued to the credit institution open joint-stock company Investment Joint-Stock Dig-Bank (registration No. of the Bank of Russia is 2423, date of registration is 12 July 1993) effective 23 June 2014.

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23.06.2014 00.00.00