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On termination of activity of provisional administration

12 May 2016
Press release

Due to the ruling of the Court of Arbitration of the city of Moscow dated 20 April 2016, with regard to case No. А40-29583/16-86-45 ‘B’ on recognising insolvent (bankrupt) the credit institution Commercial Bank Millenium Bank (closed joint-stock company) (Bank of Russia Registration No. 3423, date of registration — 13 November 2002) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-1434, dated 6 May 2016) to terminate from 10 May 2016 the activity of the provisional administration of the credit institution Commercial Bank Millenium Bank (closed joint-stock company) appointed by Bank of Russia Order No. OD-377, dated 5 February 2016, ‘On the Appointment of the Provisional Administration to the Moscow-based Credit Institution Commercial Bank Millenium Bank (Closed Joint-stock Company) or Millenium Bank (CJSC) Following Revocation of Its Banking Licence.’


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