The Bank of Russia has cancelled the banking license of Moscow-based Commercial Bank Slavyanski Credit Ltd. following the company’s submission of documents for a voluntary liquidation. The application was made following a decision taken during a general shareholders meeting. Based on the reporting data provided to the Bank of Russia, the credit institution has sufficient assets to satisfy creditors’ claims, suggesting that the process could be handled in a smooth and orderly way. Slavyanski Credit Ltd. ranked 287th by assets in the Russian banking system.
