On revocation of banking licence

Due to the non-compliance by the Buzuluk-based credit institution open joint-stock company Investment Bank Buzulukbank or OJSC Investbank BZL (the Orenburg Region) with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, inability to meet the creditors’ claims on monetary obligations, 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 and Clause 4 of Part 2 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-3455 dated 10 December 2014) to revoke the banking licence from the credit institution open joint-stock company Investment Bank Buzulukbank (Bank of Russia Registration No. 1282, date of registration — 24 December 1990) from 10 December 2014.

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10.12.2014 00.00.00