OREANDA-NEWS. November 12, 2015. In compliance with Clause 2 of Article 18926 of the Federal Law ‘On Insolvency (Bankruptcy)’ and following the revocation of the banking licence from the Moscow-based credit institution Commercial Bank Regional Savings Bank, limited liability company, or CB RSB LLC (Bank of Russia Registration No. 3367, date of registration — 11 April 2001) (Order No. OD-3099, dated 10 November 2015) the Bank of Russia decided (Order No. OD-3100, dated 10 November 2015) to appoint from 10 November 2015 a provisional administration to manage the credit institution Commercial Bank Regional Savings Bank, limited liability 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.

Sergey Maslov, chief economist of the sector of cooperation with credit institutions and Bank of Russia divisions engaged in supervision and inspecting accounting methodology issues of the accounting and reporting section of the Accounting and Reporting 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 Commercial Bank Regional Savings Bank, limited liability company.

The provisional administration of the credit institution Commercial Bank Regional Savings Bank, limited liability company, also includes: Ye.V. Sycheva, A.V. Baronin, I.A. Nakova, N.A. Starkova, O.A. Chekalina, Ye.V. Zapevalova, Yu.N. Aksenov, A.N. Davidenko, T.N. Abakumova.