On appointment of provisional administration

In compliance with Clause 2 of Article 189²⁶ of the Federal Law ‘On the Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the credit institution Public Joint-Stock Company Time Bank or PJSC Time Bank (the city of Moscow) (Bank of Russia Registration No. 3120, date of registration — 10 October 1994) (Order No. OD-1723, dated 21 July 2015) the Bank of Russia took a decision (Order No. OD-1724, dated 21 July 2015) to appoint from 21 July 2015 a provisional administration to manage the credit institution Public Joint-Stock Company Time Bank for a term in accordance with the Federal Law ‘On the 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 appointments of a liquidator becomes valid.

Sergei V. Maslov, chief economist of the sector of cooperation with credit institutions and Bank of Russia divisions responsible for supervision and inspection of accounting methodology of the Accounting and Reporting 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 Public Joint-Stock Company Time Bank.

The provisional administration of the credit institution Public Joint-Stock Company Time Bank also includes A.Ye. Ilmenyev, A.A. Lizunov, V.V. Dubtsova, Ye.S. Polonetsky, O.R. Chernykh, O.V. Kopylov, V.O. Sedikov, A.A. Zdobnov, T.N. Abakumova, P.I. Tsikh and I.V. Trifonova.

The reference to the Press Service is mandatory if you intend to use this material.

21.07.2015 00.00.00