MOSCOW, January 25 (RIA Novosti) - Russia's Central Bank said Thursday it had revoked the operating licenses of two small commercial banks in Moscow over breaches of banking laws.
Moscow-based GradoBank and Eurostroybank were stripped of their licenses to carry out banking operations in rubles and foreign currency, and put into temporary administration as of January 25, 2007 for violations of the law on money laundering, the Central Bank's press office said.
GradoBank and Eurostroybank are outside the list of Russia's 100 largest banks.
