CBR reports on termination by Deposit Insurance Agency of its functions of provisional administration
OREANDA-NEWS. February 17, 2016. Following the termination by the state corporation Deposit Insurance Agency of its functions of the provisional administration of the joint-stock company Commercial Bank of Stabilisation and Cross-sectoral Development EXPRESS-VOLGA (Bank of Russia Registration No. 3085, date of registration — 6 September 1994), the Bank of Russia took a decision (Order No. OD-517, dated 12 February 2016) to terminate from 13 February 2016 the functions of the provisional administration of the joint-stock company Commercial Bank of Stabilisation and Cross-sectoral Development EXPRESS-VOLGA the state corporation Deposit Insurance Agency performs under Bank of Russia Order No. OD-2077, dated 12 August 2015, ‘On Appointing the State Corporation Deposit Insurance Agency to Perform the Functions of the Provisional Administration of the Saratov-based Joint-Stock Company Commercial Bank of Stabilisation and Cross-sectoral Development EXPRESS-VOLGA or JSC CB EXPRESS-VOLGA’.
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