On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution closed joint-stock company IpoTek Bank, or CJSC IpoTek Bank, with federal banking laws and Bank of Russia regulations, 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 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-787, dated 13 April 2015) to revoke the banking licence from the credit institution closed joint-stock company IpoTek Bank, or CJSC IpoTek Bank, (registration No. 2794, date of registration is 19 April 1994) from 13 April 2015.

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13.04.2015 00.00.00