OREANDA-NEWS. By its Order No. OD-2616, dated 12 August 2016, the Bank of Russia cancelled the banking licence of the Tyumen-based credit institution Settlement Non-Bank Credit Institution PRIPOLYARKOM, joint-stock company, or JSC SNCI PRIPOLYARKOM (Registration No. 507-K) from 12 August 2016.

The Bank of Russia cancelled the banking licence of JSC SNCI PRIPOLYARKOM, based on Article 23 of the Federal Law ’On Banks and Banking Activities’, following the decision of the credit institution’s authorised body to terminate its activity through liquidation pursuant to Article 61 of the Civil Code of the Russian Federation and the submission of the respective application to the Bank of Russia.

Based on the data provided by JSC SNCI PRIPOLYARKOM the credit institution has enough property to satisfy creditors’ claims.

In compliance with Article 62 of the Civil Code of the Russian Federation and Article 21 of the Federal Law ’On Joint-stock Companies’, a liquidation commission will be appointed to JSC SNCI PRIPOLYARKOM.

According to the financial statements, as of 1 August 2016, JSC SNCI PRIPOLYARKOM ranked 641st by assets in the Russian banking system.