Activities of provisional administration to manage Credit Company RIB terminated
On 24 June 2021, the Bank of Russia terminated activities of the provisional administration1 appointed to manage Credit Company RIB (hereinafter, the credit institution).
No signs of insolvency (bankruptcy) have been established as a result of the provisional administration-conducted inspection of the credit institution.
On 8 June 2021, the Arbitration Court of the City of Moscow issued a ruling on the forced liquidation of the credit institution.
The State Corporation Deposit Insurance Agency was appointed as a receiver.
Further information on the results of the activity of the provisional administration is available on the Bank of Russia website.
1 The provisional administration was appointed by Bank of Russia Order No. OD-539, dated 2 April 2021, following the revocation of the banking licence of Credit Company RIB.
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