On revocation of banking licence

Due to the failure of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK or BANK TULSKII PROMYSHLENNIK (PJSC) to comply with federal banking laws and Bank of Russia regulations, all capital adequacy ratios being below 2 percent, decrease in own funds (capital) below the minimal value of authorised capital established by the Bank of Russia as of the date of the state registration of the credit institution, the application within a year of 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 Clauses 1 & 2 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-1790, dated 27 July 2015) to revoke the banking licence from the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK (Bank of Russia Registration No. 2382, date of registration — 11 June 1993) from 27 July 2015.

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27.07.2015 00.00.00