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On appointment of provisional administration

16 October 2015
Press release

In compliance with Clause 2 of Article 18926 of the Federal Law ‘On Insolvency (Bankruptcy)’ and following the revocation of the banking licence from the Moscow-based credit institution closed joint-stock company Commercial Bank LADA-CREDIT or CJSC CB LADA-CREDIT (Bank of Russia Registration No. 2668, date of registration — 28 January 1994) (Order No. OD-2834, dated 16 October 2015) the Bank of Russia decided (Order No. OD-2835, dated 16 October 2015) to appoint from 16 October 2015 a provisional administration to manage the credit institution closed joint-stock company Commercial Bank LADA-CREDIT 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.

Aleksandr Bykov, leading economist of liquidated credit institution section No. 2 of the Credit Institution Licensing and Liquidation Division of the Bank of Russia Main Branch for the Central Federal District, has been appointed as a head of the provisional administration of the credit institution closed joint-stock company Commercial Bank LADA-CREDIT.

The provisional administration of the credit institution closed joint-stock company Commercial Bank LADA-CREDIT also includes: N.V. Stepanova, M.Ye. Voronova, A.M. Malashkin, A.A. Demin, V.M. Tarasov, A.A. Zdobnov, T.N. Abakumova, P.I. Tsikh.


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