4 per cent stake in Rosprombank, officially known as Rossiysky Promyshlenny
Bank, in 2008 for e1/483m from OAO RPB-Holding, until then owner of 100 per cent of the bank's shares.
OD-3052, dated 13 September 2016, the Bank of Russia revoked the banking licence of the Moscow-based credit institution Commercial Bank ROSSIYSKY PROMYSHLENNY
BANK Company Limited or CB ROSPROMBANK Co.
Furthermore, the bank, which is also known as Natsionalny Promyshlenny
Bank, embarked on measures intended to sustain the interests of its shareholders thus failing to support its financial position, according to the authority.
Pavlou's comments came three weeks after the Central Bank of the Russian Federation revoked the licence of Rosprombank, as Rossiysky Promyshlenny
Bank is widely known, citing its failure to comply with the country's legislation, including money laundering and terrorism financing and the extension of illegal loans.