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On termination of activity of provisional administration

14 December 2015
Press release

Following the ruling of the Court of Arbitration of the city of Moscow, dated 25 November 2015 on case No. А40-181212/15 on recognising insolvent (bankrupt) the credit institution joint-stock company Joint-stock Commercial Bank TUSAR (Bank of Russia registration No. 2712, date of registration is 24 February 1994) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’, the Bank of Russia decided (Order No. OD-3598, dated 14 December 2015) to terminate from 15 December 2015 the activity of the provisional administration of the credit institution joint-stock company Joint-stock Commercial Bank TUSAR, appointed by Bank of Russia Order No. OD-2481, dated 18 September 2015, № ОД-2481 ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Joint-stock Company Joint-stock Commercial Bank TUSAR or JSC TUSARBANK Due to the Revocation of Its banking Licence’.


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