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On termination of activity of provisional administration

24 March 2016
Press release

Due to the ruling of the Court of Arbitration of Moscow, dated 14 March 2016, with regard to case No. А40-17434/16-71-31B , on recognising insolvent (bankrupt) the credit institution Foreign Economic Industrial Bank, limited liability company, (Bank of Russia registration No. 3261, date of registration: 3 July 1995), 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-982, dated 23 February 2016) to terminate from 4 April 2016 the activity of the provisional administration of the credit institution Foreign Economic Industrial Bank, limited liability company, appointed by Bank of Russia Order No. OD-3658, dated 18 December 2015, ‘On the Appointment of the Provisional Administration to the Moscow-based Credit Institution Foreign Economic Industrial Bank, limited liability company, or Vneshprombank LLC Due to the Revocation of Its Banking Licence’.


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