The Bank of Russia’s PR Department reports that due to Tyumenenergobank’s inability to meet the creditors’ demands, a decision was made to annul the license allowing the bank to perform banking operations starting December 4, 2008. The bank’s former file number was 2419 as of July 12, 1993. The Bank of Russia’s decision was validated by order OD 915 as of December 3, 2008 and was based on Article 19 and Article 20 (part 2, paragraph 4) of the Federal Bill On Banks and Banking Activity and Article 74 (part 3) of the Federal Bill On The Central Bank of The Russian Federation (The Bank of Russia).