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On termination of activity of provisional administration

15 September 2015
Press release

Due to the ruling of the Court of Arbitration of the city of Moscow dated 24 August 2015, on recognising insolvent (bankrupt) the credit institution joint-stock company Republican Social Commercial Bank (Bank of Russia Registration No. 2050, date of registration — 9 September 1992) 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-2445, dated 15 September 2015) to terminate from 16 September 2015 the activity of the provisional administration of the credit institution joint-stock company Republican Social Commercial Bank appointed by Bank of Russia Order No. OD-1294, dated 10 June 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-Based Credit Institution Joint-Stock Company Republican Social Commercial Bank Due to the Revocation of its Banking Licence’.


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