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On appointment of provisional administration

27 April 2016
Press release

In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’, due to the revocation of the banking licence from the Moscow-based credit institution OPEN JOINT-STOCK COMPANY INTERNATIONAL BANK OF FINANCE AND INVESTMENTS or OJSC BANK MBFI (Bank of Russia Registration No. 2073, date of registration — 10 September 1992) (Order No. OD-1364, dated 27 April 2016) the Bank of Russia took a decision (Order No. OD-1365, dated 27 April 2016) to appoint from 27 April 2016 a provisional administration to manage the credit institution OPEN JOINT-STOCK COMPANY INTERNATIONAL BANK OF FINANCE AND INVESTMENTS 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.

Alexandre Sychev, chief economist of the financial monitoring of non-bank financial institutions section No. 2 of the Financial Monitoring of Banking Activities 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 OPEN JOINT-STOCK COMPANY INTERNATIONAL BANK OF FINANCE AND INVESTMENTS.

The provisional administration of the credit institution OPEN JOINT-STOCK COMPANY INTERNATIONAL BANK OF FINANCE AND INVESTMENTS also includes: Ye.S. Polonetskiy, V.S. Boyev, M.Ye. Voronova, V.M. Tarasov, S.A. Sokolov, A.A. Suvorov, A.A. Knyazev, A.V. Vasiliev, P.I. Tsikh.


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