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On revocation of banking licence

26 May 2014
Press release

Due to non-compliance by the Moscow-based credit institution Commercial Bank Kreditimpeks Bank, limited liability company, or CB Kreditimpeks Bank LLC of federal banking laws and Bank of Russia regulations, 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-1153 dated 26 April 2014) to revoke the banking licence from the credit institution Commercial Bank Kreditimpeks Bank, limited liability company (Registration No. 2037, date of registration — 28 August 1992), from 26 May 2014.


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