On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Commercial Bank Gagarinsky or Bank Gagarinsky with federal banking laws and Bank of Russia regulations, and due to repeated violations within one year of the requirements stipulated by Article 7 (excluding Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, taking into account repeated applications within one year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clauses 6 and 6¹ 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-1549, dated 3 July 2015) to revoke the banking licence from the credit institution Commercial Bank Gagarinsky (Bank of Russia registration No. 606, date of registration is 26 October 1990) from 3 July 2015.

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03.07.2015 00.00.00