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On appointment of provisional administration

8 September 2015
Press release

In compliance with Clause 2 of Article 18926 of the Federal Law ‘On Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the Moscow-based credit institution Commercial Bank Profit Bank, limited liability company, or CB Profit Bank LLC (Bank of Russia Registration No. 3234, date of registration — 14 March 1995) (Order No. OD-2373, dated 8 September 2015) the Bank of Russia took a decision (Order No. OD-2374, dated 8 September 2015) to appoint from 8 September 2015 a provisional administration to manage the credit institution Commercial Bank Profit Bank, limited liability 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.

Irina Shagova, deputy head of the report processing section of Branch 1 Moscow, has been appointed as a head of the provisional administration of the credit institution Commercial Bank Profit Bank, limited liability company.

The provisional administration of the credit institution Commercial Bank Profit Bank, limited liability company, also includes: N.A. Lushchikova, I.Ye. Abramova, S.S. Kondrashova.


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08.09.2015 00.00.00