On revocation of banking licence

Due to the non-compliance by the Yuzhno-Sakhalinsk-based credit institution open joint-stock company Tikhookeanskiy Vneshtorgbank or OJSC Tikhookeanskiy Vneshtorgbank with federal banking laws and Bank of Russia regulations, all capital adequacy ratios below 2%, decrease in equity capital below the minimal amount of the authoruised 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 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 Clauses 1 and 2 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-783, dated 13 April 2015) to revoke the banking licence from the credit institution open joint-stock company Tikhookeanskiy Vneshtorgbank (Bank of Russia Registration No. 1378, date of registration — 20 February 1991) from 13 April 2015.

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