Banking licence of OOO Morgan Stanley Bank cancelled
By Order No. OD-841, dated 27 May 2020, the Bank of Russia revoked the banking licence of the Moscow-based credit institution Limited Liability Company Morgan Stanley Bank, or OOO Morgan Stanley Bank (Registration No. 3456). The credit institution ranked 279th by assets in the Russian banking system.1
The licence of OOO Morgan Stanley Bank was cancelled2 following the request that the credit institution submitted to the Bank of Russia after the decision of its sole participant on its voluntary liquidation (in accordance with Article 61 of the Civil Code of the Russian Federation).
Based on the reporting data provided to the Bank of Russia, the credit institution has sufficient assets to satisfy creditors’ claims.
The Bank of Russia will appoint a liquidation commission to OOO Morgan Stanley Bank.3
The bank is not a member of the deposit insurance system.
1 According to the financial statements as of 1 May 2020.
2 The licence was cancelled in accordance with Article 23 of the Federal Law ‘On Banks and Banking Activities’.
3 In accordance with Article 62 of the Civil Code of the Russian Federation and Article 57 of the Federal Law ‘On Limited Liability Companies’.
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