Aggregated News From Investment Management Regulators

Banking licence of OOO Bank PSA Finance RUS cancelled

Report/Flag

Please complete the required fields.



By its Order No. OD-233, dated 18 February 2021, the Bank of Russia cancelled the banking licence of Moscow-based Limited Liability Company Bank PSA Finance RUS (hereinafter, OOO Bank PSA Finance RUS) (Reg. No. 3481). The credit institution ranked 296th by assets in the Russian banking system.1

The licence of OOO Bank PSA Finance RUS was cancelled following the request that the credit institution submitted to the Bank of Russia after the decision of its 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 OOO Bank PSA Finance RUS.3

OOO Bank PSA Finance RUS is not a member of the deposit insurance system.

1 According to the financial statements as of 1 February 2021.

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’.

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

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

Implications of Russia’s invasion of Ukraine on half-yearly financial reports

See the Public Statement published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Movement In Island’s Deposit Base

Published on: 20 May 2022 Deposits (net of local inter-bank placings) with Isle of Man offices of Isle of Man licensed deposit takers Deposits increased by £0.96 billion (2.58%) to £38.

Streamlining the Process of Rights Issue

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

LCG.fit (Clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Acadian-Asset.management (clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Get the latest from Regulatory.News in your inbox!

×