OREANDA-NEWS. July 22, 2015. In compliance with Clause 2 of Article 18926 of the Federal Law ‘On Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company, or JSCB UBII PJSC (Registration No. 2626, date of registration — 23 December 1993) (Order No. OD-1721, dated 21 July 2015) the Bank of Russia took a decision (Order No. OD-1722, dated 21 July 2015) to appoint from 21 July 2015 a provisional administration to manage the credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company, 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.

Valerya V. Budarina, chief economist of financial monitoring sector for banking operations, financial markets and forex control, Tula division, has been appointed as a head of the provisional administration of the credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company.

The provisional administration of the credit institution Joint-Stock Commercial Bank United Bank of Industrial Investments, public joint-stock company, also includes: O.P. Zhukova, Ye.Ye. Starov, N.V. Stepanova, A.A. Karganov, S.V. Belyakova, Yu.N. Aksenov, N.Ye. Klimova.