OREANDA-NEWS. In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’, due to the revocation of the banking licence from the Moscow-based credit institution joint-stock company Soveren Bank or JSC Soveren Bank (Bank of Russia Registration No. 3206, date of registration — 27 January 1995) (Order No. OD-1181, dated 8 April 2016) the Bank of Russia decided (Order No. OD-1182, dated 8 April 2016) to appoint from 8 April 2016 a provisional administration to manage the credit institution joint-stock company Soveren Bank 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.

Oleg A. Skorokhodov, chief economist of liquidated credit institution section No. 1 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 joint-stock company Soveren Bank.

The provisional administration of the credit institution joint-stock company Soveren Bank also includes: O.V. Boev, P.S. Musaeva, O.V. Pokrovskaya-Evseeva, M.R. Yunusov, S.E. Sharyapova, V.A. Zhilin, A.A. Karganov, Yu.N. Aksenov, A.N. Davidenko, I.A. Allyamov.