Bank of Russia revokes licence of NCO Taidon over missed mandatory payments
The Bank of Russia has withdrawn the banking licence of NCO Taidon LLC, a small non-bank credit organisation in Kemerovo, citing poor asset quality and insolvency. The regulator installed a provisional administrator the same day. This item sets out the stated grounds, the statutory basis and the immediate consequences for a reader tracking Russian prudential actions.
- The Bank of Russia revoked NCO Taidon LLC's licence by Order No. OD-1864 dated 22 October 2026 under Clause 4 of Part 2 of Article 20 of the Federal Law 'On Banks and Banking Activities'.
- The regulator acted on the basis that the institution failed to make mandatory payments for longer than 14 days and had become insolvent.
- NCO Taidon LLC ranked 355th by assets in the Russian banking system according to financial statements as of 1 October 2026.
- By Order No. OD-1865 the Bank of Russia appointed a provisional administrator until a receiver or liquidator is appointed, and under federal laws the powers of the executive bodies were suspended.