OREANDA-NEWS. September 10, 2015. Due to the non-compliance by the Roslavl-based credit institution public joint-stock company Commercial Bank Smolevich or PJSC Bank Smolevich (the Smolensk Region) 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, taking into account 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 took a decision (Order No. OD-2371, dated 8 September 2015) to revoke the banking licence from the credit institution public joint-stock company Commercial Bank Smolevich (Bank of Russia Registration No. 1121, date of registration — 7 December 1990) from 8 September 2015.