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Central Bank withdraws license of minor Moscow bank

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MOSCOW, February 1 (RIA Novosti) - Russia's Central Bank said Thursday it has revoked the operating license of a small commercial bank in Moscow over banking law violations.

Moscow-based Gorodskoy Klientskiy Bank (City Client Bank) was stripped of its license and put into temporary administration for failing to comply with banking laws and Central Bank regulations, provide accurate financial statements and meet creditors' pecuniary claims, the CBR said.

Gorodskoy Klientskiy Bank is not included on the list of Russia's 100 largest banks.

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