OREANDA-NEWS. In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, and 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’ and following the revocation of the banking licence from the Moscow-based credit institution JOINT-STOCK COMPANY JOINT-STOCK COMMERCIAL BANK VEK or JSC JSCB VEK (Bank of Russia Registration No. 2299, date of registration — 16 April 1993) (Order No. OD-1477, dated 12 May 2016) the Bank of Russia decided (Order No. OD-1478, dated 12 May 2016) to appoint from 12 May 2016 a provisional administration to manage the credit institution JOINT-STOCK COMPANY JOINT-STOCK COMMERCIAL BANK VEK for a term in accordance with the Federal Law ‘On Insolvency (Bankruptcy)’ until the arbitration court adjudication on the recognition of bankruptcy and initiation of bankruptcy proceedings (appointment of a receiver) or until the arbitration court adjudication on the appointment of a liquidator becomes valid.

Anton Robsman, a chief economist of liquidated credit institution section No. 2 of the Bank Licensing and Liquidation Division of the Bank of Russia Main Branch for the Central Federal District, has been appointed as a head of the provisional administration of the credit institution JOINT-STOCK COMPANY JOINT-STOCK COMMERCIAL BANK VEK.

The provisional administration of the credit institution JOINT-STOCK COMPANY JOINT-STOCK COMMERCIAL BANK VEK also includes: O.V. Ledneva, Ye.B. Poberey, S.V. Antonyuk, I.V. Sharov, Ye.V. Chuvaeva, V.V. Suvorov, D.M. Bulgakov, A.A. Zavoruev, A.V. Vasiliev, I.A. Slyusarev.