On revocation of banking licence

Due to the repeated violations over the past year of the requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and Financing of Terrorism’ by the Nizhny Novgorod-based credit institution Professional Credit Bank, limited liability company, or PC-Bank LLC, 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-3576, dated 19 December 2014) to revoke the banking licence from the credit institution Professional Credit Bank, limited liability company (Bank of Russia Registration No. 2652, date of registration — 19.01.1994) from 19 December 2014.

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19.12.2014 00.00.00