OREANDA-NEWS. Due to the non-compliance by the Moscow-based credit institution joint-stock company Commercial Bank PRISCO CAPITAL BANK or JSC CB PRISCO CAPITAL BANK with federal banking laws and Bank of Russia regulations, capital adequacy below 2%, decrease in equity capital below the minimal amount of the authoruised capital established as of the date of the state registration of the credit institution, given the repeated application over the past year of supervisory 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 and 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 decided (Order No. OD-2079, dated 29 June 2016) to revoke the banking licence from the credit institution joint-stock company Commercial Bank PRISCO CAPITAL BANK (Bank of Russia Registration No. 2537, date of registration — 21 October 1993) from 29 June 2016.