OREANDA-NEWS. April 15, 2016. 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 Rostov-on-Don-based credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, or JSC JSCB Stella-Bank (Bank of Russia Registration No. 2948, date of registration — 29 June 1994) (Order No. OD-1259, dated 14 April 2016) the Bank of Russia took a decision (Order No. OD-1260, dated 14 April 2016) to appoint from 14 April 2016 a provisional administration to manage the credit institution Joint-Stock Commercial Bank Stella-Bank, 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.

Natalia Pak, chief economist of the systemically important credit institutions supervision sector of the banking supervision section of the Rostov-on-Don Regional Division, has been appointed as a head of the provisional administration of the credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company.

The provisional administration of the credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, also includes:

Ye.V. Yepanchintseva, N.G. Pytel, V.O. Kopylov, I.G. Shevchenko, D.E. Tosunyan, P.S. Musayeva, M.A. Lukina, A.A. Aliulin, A.A. Zdobnov, A.M. Demidov, I.A. Alliamov, A.N. Davydenko.