CBR reports on termination of activity of provisional administration
OREANDA-NEWS. September 18, 2015. Due to the ruling of the Court of Arbitration of the city of Moscow dated 26 August 2015, on recognising insolvent (bankrupt) the credit institution Commercial bank MAST-Bank (open joint-stock company) (Bank of Russia Registration No. 3267, date of registration — 18 August 1995), and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-2446, dated 15 September 2015) to terminate from 16 September 2015 the activity of the provisional administration of the credit institution Commercial bank MAST-Bank (open joint-stock company) appointed by Bank of Russia Order No. OD-1437, dated 24 June 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-Based Credit Institution Commercial Bank MAST-Bank (Open Joint-Stock Company) or OJSC CB MAST-Bank Due to the Revocation of its Banking Licence’.
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