On revocation of banking licence

Due to the non-compliance by the Tyumen-based credit institution open joint-stock company Joint-Stock Siberian Oil Bank or OJSC SIBNEFTEBANK with federal banking legislation and Bank of Russia regulations, all capital adequacy ratios being below 2 per cent, decrease in the bank capital below the minimum amount of the authorised capital established as of the date of the state registration of the credit institution, taking into account 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, Clause 6 of Part 1 and Clauses 1 & 2 of Part 2 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-1206, dated 1 June 2015) to revoke a banking licence from the credit institution open joint-stock company Joint-Stock Siberian Oil Bank (Bank of Russia Registration No. 385, date of registration — 6 September 1991).

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01.06.2015 00.00.00