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Central Bank revokes license of Moscow bank

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MOSCOW, June 28 (RIA Novosti) - Russia's Central Bank said Wednesday it had annulled the operating license of a Moscow-based bank following a shareholders' decision.

The license of the Industrial Development Bank (BRPP) was annulled after its shareholders voted for the credit institution's voluntary liquidation and filed a petition with the Central Bank, the Central Bank press office said.

The bank's general shareholders' meeting also appointed a liquation commission for the BRPP, the CBR press office said.

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