OREANDA-NEWS. In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the Moscow-based credit institution Commercial Bank Millenium Bank, closed joint-stock company, or Millenium Bank CJSC (Bank of Russia Registration No. 3423, date of registration — 13 November 2002) (Order No. OD-376, dated 5 February 2016) the Bank of Russia took a decision (Order No. OD-377, dated 5 February 2016) to appoint from 5 February 2016 a provisional administration to manage the credit institution Commercial Bank Millenium Bank, closed joint-stock 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.

Zhanna Timokhina, chief economist of liquidated credit institution section No. 2 of the Credit Institution Licensing and Liquidation 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 Millenium Bank, closed joint-stock company.

The provisional administration of the credit institution Commercial Bank Millenium Bank, closed joint-stock company, also includes: N.A. Lushchikova, I.Ye. Abramova, S.S. Kondrashova, L.A. Drobotova, L.P. Davydova, M.V. Kishylov, Ye.A. Savicheva, P.S. Bozhinskova, Ye.N. Chepurnova, N.B. Sutugina, K.G. Fedechkina, M.A. Podobedova, I.N. Yankovaskaya, L.V. Muravleva, L.P. Boguslavskaya, Yu.B. Borisov, V.N. Tovsty, Ye.G. Davydova, P.A. Savkin, A.A. Karganov, I.A. Alliamov, A.V. Vasiliev.