Mass Media erroneously reports banking license revocation

Mass media reported today, based on a CBR press release, that a number of credit organisations' licenses had been revoked. The organisations named included the nonbanking credit organisation OOO Natsionalnaya Raschetnaya Kompaniya (National Settlement Company).

National Settlement Company has never been part of the Moscow Exchange Group and is entirely unrelated to it, contrary to erroneous reports from some media outlets.

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