On revocation of banking licence

Due to the non-compliance by the Moscow-based credit institution Commercial Bank Sudostroitelny Bank, limited liability company, or SB Bank LLC with federal banking laws and Bank of Russia regulations, revealed facts of significant unreliability of reporting data, 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, 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, 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-366, dated 16 February 2015) to revoke the banking licence from the credit institution Commercial Bank Sudostroitelny Bank, limited liability company, (Bank of Russia Registration No. 2999, date of registration 27 July 1994) from 16 February 2015.

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16.02.2015 00.00.00