OREANDA-NEWS. July 22, 2015. Due to the non-compliance by the Moscow-based credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company, or JSCB UBII PJSC, with federal banking laws and Bank of Russia regulations, established facts of material misstatement of reporting data, failure to meet pecuniary obligations to creditors, taking into account the repeated application over the past year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clauses 3 and 6 of Part 1 and Clause 4 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 took a decision (Order No. OD-1721, dated 21 July 2015) to revoke the banking licence from the credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company, (Bank of Russia Registration No. 2626, date of registration — 23 December 1993) from 21 July 2015.