Banking licence of Slavyanski Credit Ltd. cancelled
By its Order No. OD-1362, dated 21 August 2020, the Bank of Russia cancelled the banking licence of Moscow-based Commercial Bank Slavyanski Credit Ltd. (hereinafter, Slavyanski Credit Ltd.) (Reg. No. 2960). The credit institution ranked 287th by assets in the Russian banking system.1
The licence of Slavyanski Credit Ltd. was cancelled following the request that the credit institution submitted to the Bank of Russia after the decision of its general shareholders’ meeting on its voluntary liquidation (in accordance with Article 61 of the Civil Code of the Russian Federation).
Based on the reporting data provided to the Bank of Russia, the credit institution has sufficient assets to satisfy creditors’ claims.
The Bank of Russia will appoint a liquidation commission to Slavyanski Credit Ltd.3
Slavyanski Credit Ltd. is a member of the deposit insurance system.
1 According to the financial statements as of 1 August 2020.
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’.
The reference to the Press Service is mandatory if you intend to use this material.