OREANDA-NEWS. January 25, 2016. In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law ‘On the Insolvency (Bankruptcy)’, and due to the revocation of the banking licence from the Saint Petersburg-based credit institution Joint-stock Commercial Bank Turbobank, joint-stock company, or JSC JSCB Turbobank (Bank of Russia Registration No. 3203, date of registration — 26 January 1995) (Order No. OD-139, dated 21 January 2016) the Bank of Russia took a decision (Order No. OD-140, dated 21 January 2016) to appoint from 21 January 2016 a provisional administration to manage the credit institution Joint-stock Commercial Bank Turbobank, joint-stock 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 appointment of a liquidator becomes valid.

Kira Leushkina, head of credit institution liquidation and restructuring section of the Credit Institution Licensing Division of the Bank of Russia North-Western Main Branch, has been appointed as a head of the provisional administration of the credit institution Joint-stock Commercial Bank Turbobank, joint-stock company.

The provisional administration of the credit institution Joint-stock Commercial Bank Turbobank, joint-stock company, also includes: D.V. Kudryashov, Ye.N. Zorina, S.A. Esaulov, E.A. Solovyev, A.A. Zdobnov, S.A. Sokolov, T.N. Abakumova, A.N. Davidenko.