OREANDA-NEWS. July 29, 2015. In compliance with Clause 2 of Article 18926 of the Federal Law ‘On the Insolvency (Bankruptcy)’ and due to the revocation of the banking licence of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK or BANK TULSKII PROMYSHLENNIK (PJSC) (the city of Tula) (Bank of Russia Registration No. 2382, date of registration — 11 June 1993) (Order No. OD-1790, dated 27 July 2015) the Bank of Russia took a decision (Order No. OD-1791, dated 27 July 2015):

to rule that the provisional administration of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK appointed by Bank of Russia Order No. OD-1776, dated 24 July 2015, shall exercise its functions envisaged by Article 18932 of the Federal Law ‘On the Insolvency (Bankruptcy)’ and other powers defined by the Federal Laws ‘On Insolvency (Bankruptcy)’ and "On Banks and Banking Activities’ and Bank of Russia regulations under them;

to rule that in accordance with Clause 3 of Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’ the provisional administration of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK shall function for a term 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.

Alexander V. Vasin, deputy head of the banking supervision section of the Tula Division, has been appointed as a head of the provisional administration of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK.

The provisional administration of the credit institution PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK TULSKII PROMYSHLENNIK includes A.M. Badziyev, P.S. Musayeva, M.Ye. Voronova, I.V. Samonina, Yu.K. Savinkova, D.P. Kolesnik, A.A. Zaburunnov, A.M. Shepeleva, O.V. Resh, M.Ye. Demyanenko, A.A. Sosin, I.D. Yeliseyeva, I.A. Ksenofontov, I.A. Murushkina, L.A. Borisenko, I.P. Strokov, O.V. Shcherbakova and A.N. Davidenko.