On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Commercial Bank Transnational Bank, limited liability company, or CB Transnational Bank LLC, with federal banking laws and Bank of Russia regulations, proven material misstatement of reporting data, 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, Clauses 3 and 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-785, dated 13 April 2015) to revoke the banking licence from the credit institution Commercial Bank Transnational Bank, limited liability company, (Bank of Russia Registration No. 2108, date of registration — 9 October 1992) from 13 April 2015.

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