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On termination of activity of provisional administration

3 March 2015
Press release

Due to the ruling of the Arbitration court of the Samara Region, dated 26 February 2015, on recognising insolvent (bankrupt) the credit institution open joint-stock company Commercial Volga-Credit Bank (Bank of Russia Registration No. 1153, date of registration — 11 December 1990) 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-486, dated 3 March 2015) to terminate from 4 March 2015 the activity of the provisional administration of the credit institution open joint-stock company Commercial Volga-Credit Bank appointed by Bank of Russia Order No. OD-3739, dated 30 December 2014, ‘On the Appointment of the Provisional Administration to Manage the Samara-Based Credit Institution Open Joint-Stock Company Commercial Volga-Credit Bank or OJSC VLCB Due to the Revocation of its Banking Licence’.


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