17 Dec 2009 12:38

Central Bank pulls bank license

MOSCOW. Dec 17 (Interfax) - The Central Bank of Russia has revoked the banking license held by LLC Nin-Banking Lending Organization International Settlements Chamber (NKO MRP) for failure to observe federal banking law and CB regulations, liquidity loss and its ability meet claims, the CB external relations department said.

The bank has gone into administration bending the appointment of a receiver or liquidator.

The license had already been revoked at the end of May.