CBR reports on termination of activity of provisional administration
OREANDA-NEWS. February 05, 2016. Due to the ruling of the Arbitration court of the city of Moscow (case No. А40-231488/15-36-104B), dated 22 January 2016, on finding insolvent (bankrupt) of the credit institution Svyaznoy Bank, joint-stock company (Bank of Russia Registration No. 1961, date of registration — 21 July 1992), and the appointment of a liquidator, 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-333, dated 3 February 2016) to terminate from 4 February 2016 the activity of the provisional administration of the credit institution Svyaznoy Bank, joint-stock company, appointed by Bank of Russia Order No. OD-3291, dated 24 November 2015, ‘On Appointing Provisional Administration to Manage the Moscow-based Credit Institution Svyaznoy Bank, Joint-stock Company, or Svyaznoy Bank JSC Due to the Revocation of its Banking Licence’.
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