“The Bank of Russia, by an order dated November 15, 2019 No. OD-2609, revoked the license for banking operations from the Kreditinvest Commercial Bank Limited Liability Company, CB Kreditinvest LLC,” the message said.

According to the Central Bank, the bank ranked 386th in the banking system of Russia in terms of assets.

Earlier, the Bank of Russia revoked its license from Chuvashkreditprombank.