On revocation of banking licence

Due to the non-compliance by the Yekaterinburg-based credit institution Plato-bank, limited liability company, or Plato-bank LLC, with federal banking laws and Bank of Russia regulations, 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 also taking into account the bank’s failure to reach as of 1 January 2015 the minimal amount of its own funds (capital) set by Part 7 of Article 11² of the Federal Law ‘On Banks and Banking Activity’ and to apply to the Bank of Russia to change its status to a non-bank credit institution, and guided by Article 19, Clause 6 of Part 1 and Clause 5 of Part 2 of Article 20 of the Federal Law ‘On the Central Bank of the Russian Federation (the Bank of Russia)’, the Bank of Russia took a decision (Order No. OD-1039, dated 13 May 2015) to revoke the banking licence from the credit institution Plato-bank, limited liability company (Bank of Russia registration No. 2071, date of registration — 9 September 1992), from 13 May 2015.

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