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On termination of activity of provisional administration

12 February 2016
Press release

Due to the ruling of the Arbitration court of the city of Moscow, dated 27 January 2016, on case А40-226048/15-38-631B on recognising insolvent (bankrupt) the credit institutionclosed joint-stock company Joint-stock Commercial Bank Benefit-bank (Bank of Russia Registration No. 3229, date of registration — 14 March 1995) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’, the Bank of Russia decided (Order No. OD-503, dated 12 February 2016) to terminate from 15 February 2016 the activity of the provisional administration of the credit institution closed joint-stock company Joint-stock Commercial Bank Benefit-bank appointed by Bank of Russia Order No. OD-2980, dated 2 November 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Closed Joint-stock Company Joint-Stock Commercial Bank Benefit-bank or JSCB Benefit-bank Due to the Revocation of Its Banking Licence’.


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