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On revocation of banking licence

18 December 2015
Press release

Due to the non-compliance by the Moscow-based credit institution joint-stock company RUSSIAN CONSTRUCTION BANK or JSC RUSSTROYBANK with federal banking laws and Bank of Russia regulations, 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, Clause 6 of Part 1 and Clause 4 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 decided (Order No. OD-3659, dated 18 December 2015) to revoke the banking licence from the credit institution institution joint-stock company RUSSIAN CONSTRUCTION BANK (Bank of Russia Registration No. 3205, date of registration — 27 January 1995) from 18 December 2015.


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