On imposing moratorium on meeting creditor claims ofCB BFG-Credit LLC 

Due to the failure to meet creditors’ claims on monetary obligations within seven days from their maturity date and guided by Article 189.38 of the Federal Law ‘On Insolvency (Bankruptcy)’, by its Order No. OD-1363, dated 27 April 2016, the Bank of Russia imposed a moratorium on meeting creditors’ claims with respect to Commercial Bank BFG-Credit, limited liability company, or CB BFG-Credit LLC (registration No. 3068) for a three-month term from 27 April 2016.

Pursuant to the Federal Law ‘On the Insurance of Household Deposits with Russian Banks’ the moratorium on meeting bank creditors’ claims is an insured event. Payments to CB BFG-Credit LLC depositors, including individual entrepreneurs, will start no later than 14 days since the date the moratorium has been imposed. The state corporation Deposit Insurance Agency will determine the procedure for paying indemnities.

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27.04.2016 00.00.00