Banking licence of American Express Bank LLC cancelled
By its Order No. OD-1290, dated 13 August 2024, the Bank of Russia cancelled the banking licence of American Express Bank, Limited Liability Company, or American Express Bank LLC (Registration No. 3460, Moscow). The credit institution ranked 300th by assets in the Russian banking system.1
The licence of American Express Bank LLC was cancelled2 following the request that the credit institution submitted to the Bank of Russia after the decision of its sole shareholder on its voluntary liquidation (in accordance with Article 61 of the Civil Code of the Russian Federation).
A liquidator3 will be appointed to American Express Bank LLC.
American Express Bank LLC is not a member of the deposit insurance system.
1 According to the financial statements as of 1 August 2024.
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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