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.