OREANDA-NEWS. December 08, 2015.  In compliance with Clause 2 of Article 18926 and Articles 18931, 18932 and 18935of the Federal Law ‘On the Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the Moscow-based credit institution Commercial Bank FDB (limited liability company) or LLC CB FDB (Bank of Russia Registration No. 3071, date of registration — 5 September 1994) (Order No. OD-3466, dated 4 December 2015) the Bank of Russia took a decision (Order No. OD-3467, dated 4 December 2015) to appoint from 4 December 2015 a provisional administration to manage the credit institution Commercial Bank FDB (limited liability company) for a term in accordance with the Federal Law ‘On the 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 appointments of a liquidator becomes valid.

Valery V. Budarin, chief economist of the section of financial monitoring of banking activity, financial markets and foreign exchange control of the Tula Regional Division, has been appointed as a head of the provisional administration of the credit institution Commercial Bank FDB (limited liability company).

The provisional administration of the credit institution Commercial Bank FDB (limited liability company) also includes S. V. Parchevskaya, S. V. Safayeva, Ye. V. Baleyeva, Ye. G. Gavrilyuk and N. V. Shchepetova.