Russia's central bank revokes license of New Moscow Bank

MOSCOW, Jan. 23 (Xinhua) -- The Bank of Russia, the country's central bank, has revoked the banking license of New Moscow Bank (NMB), marking the first such action taken by the regulator since the beginning of 2026.

The central bank said in a press release that the license was withdrawn due to violations of federal laws governing banking activities and regulatory requirements. By asset size, NMB ranked 258th in Russia's banking system.