Information for borrowers of JSCB ENISEY (PJSC)

During the inspection of financial standing of JSCB ENISEY (PJSC), the provisional administration of the credit institution, appointed by Bank of Russia Order No. OD-370, dated 9 February 2017, due to the revocation of its banking licence, revealed several transactions of the assignment of claims under credit agreements performed by the bank’s former management and owners prior to the licence revocation.

The provisional administration is currently preparing a court application to invalidate the said transactions on the grounds set by Articles 61^1 — 61⁹ of the Federal Law ‘On Insolvency (Bankruptcy)’.

In accordance with Clause 1 of Article 327 of the Civil Code of the Russian Federation (hereinafter, the RF CC), given the pronounced uncertainty as to who the obligee is, the borrowers are entitled to make due deposits to pay off their loans with the notary.

Pursuant to Clause 2 of Article 327 of the RF CC, any funds or securities deposited with the notary shall be treated as a fulfilment of obligation.

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02.03.2017 00.00.00