On extending moratorium on meeting creditor claims of PJSC MJSB Tempbank

The Bank of Russia, guided by Article 189.38 of Federal Law No. 127-FZ, dated 26 October 2012, ‘On Insolvency (Bankruptcy)’, has decided to extend the moratorium on meeting claims of creditors of Moscow Joint-stock Bank Tempbank (PPJSC MJSB Tempbank, Reg. No. 55) for a period of three months but no longer than the period of activity of the provisional administration to manage PJSC MJSB Tempbank.

PJSC MJSB Tempbank is a member of the deposit insurance system. An insured event shall be deemed as occurring starting from the date the moratorium on meeting the creditor claims of PJSC MJSB Tempbank (5 April 2017), which shall also be the date for calculation of insurance indemnity for the bank’s liabilities in foreign currency.

The extension of the moratorium on meeting creditor claims, effective 5 July 2017, not being an insured event, shall not cancel the obligation of the Deposit Insurance Agency State Corporation to pay out insurance indemnity, which arose in connection with the moratorium imposed by Bank of Russia Order No. OD-871, dated 5 April 2017.

The Agency will continue to pay out insurance indemnity for deposits (deposit accounts) with PJSC MJSB Tempbank in accordance with Clause 2 Part 1 Article 8 of Federal Law No. 177-FZ, dated 23 December 2003, ‘On the Insurance of Household Deposits with Russian Banks’ — imposition by the Bank of Russia of the moratorium on meeting creditor claims.

Information on the authorised agent banks to pay an insurance indemnity can be found on the official website of the state corporation Deposit Insurance Agency (www.asv.org.ru).

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05.07.2017 00.00.00