Aggregated News From Investment Management Regulators

Banking licence of JSC MCB DOM-BANK cancelled

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By its Order No. OD-2009, dated 4 December 2020, the Bank of Russia cancelled the banking licence of the Domodedovo-based credit institution Joint-stock company Municipal Commercial Bank DOM-BANK, or JSC MCB DOM-BANK (Registration No. 3209). The credit institution ranked 384th by assets in the Russian banking system.1

The licence of JSC MCB DOM-BANK was cancelled2 following the request that the credit institution submitted to the Bank of Russia after the decision of the general shareholders’ meeting 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 JSC MCB DOM-BANK.3

JSC MCB DOM-BANK is a member of the deposit insurance system.

1 According to the financial statements as of 1 November 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 21 of the Federal Law ‘On Joint-stock Companies’.

This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, see the Source Link.

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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