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Banking licence of NBCO UCS LLC cancelled

2 February 2024
Press release

By its Order No. OD-165, dated 2 February 2024, the Bank of Russia cancelled the banking licence of the Moscow-based Non-Banking Credit Organization UCS Limited Liability Company, NBCO UCS LLC (Registration No. 3541-К). The credit institution ranked 343rd by assets in the Russian banking system.1

The licence of NBCO UCS LLC was cancelled2 following the request that the credit institution submitted to the Bank of Russia after the decision of its sole shareholder on its voluntary liquidation (in accordance with Article 61 of the Civil Code of the Russian Federation).

A liquidator3 will be appointed to NBCO UCS LLC.

NBCO UCS LLC is not a member of the deposit insurance system.

 


1 According to the financial statements as of 1 January 2024.

2 The licence was cancelled in accordance with Article 23 of the Federal Law ‘On Banks and Banking Activities’.

3 In accordance with Article 62 of the Civil Code of the Russian Federation and Article 57 of the Federal Law ‘On Limited Liability Companies’.


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