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On termination of activity of provisional administration

8 October 2014
Press release

Due to the ruling of the Arbitration court of the city of Moscow dated 26 September 2014 on forced liquidation of the credit institution open joint-stock company Commercial Bank Consumer Finance Company (Bank of Russia Registration No. 3385, date of registration — 5 November 2001) and appointment of a liquidator in compliance with Clause 4 of Article 18 of the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’, the Bank of Russia took a decision (Order No. OD-2761 dated 8 October 2014) to terminate from 9 October 2014 the activity of the provisional administration of the credit institution open joint-stock company Commercial Bank Consumer Finance Company appointed by Bank of Russia Order No. OD-1731, dated 11 July 2014, ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Open Joint-Stock Company Commercial Bank Consumer Finance Company or OJSC CB CFC Due to the Revocation of its Banking Licence’.


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