By its Order No. OD-1290, dated August 13, 2024, the Bank of Russia cancelled the banking licence of American Express Bank, Limited Liability Company (American Express Bank LLC), Registration No. 3460, Moscow. The credit institution ranked 300th by assets in the Russian banking system.
The licence of American Express Bank LLC was cancelled following a request submitted to the Bank of Russia after the decision of its sole shareholder on its voluntary liquidation, in accordance with Article 61 of the Civil Code of the Russian Federation.
A liquidator will be appointed to American Express Bank LLC.
American Express Bank LLC is not a member of the deposit insurance system.
According to financial statements as of August 1, 2024, the licence was cancelled in accordance with Article 23 of the Federal Law 'On Banks and Banking Activities'.
The cancellation also aligns with Article 62 of the Civil Code of the Russian Federation and Article 57 of the Federal Law 'On Limited Liability Companies'.
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