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On termination of the activity of the provisional administration

11 June 2014
Press release

Due to the ruling of the Arbitration court of the city of Moscow dated 28 May 2014 on recognising insolvent (bankrupt) the Moscow-based credit institution Closed joint-stock company Joint-Stock Commercial Bank Saving and Credit or CJSC C Bank (Registration No. 2581, date of registration — 23 November 1993) and appointing the receiver in compliance with Clause 4 of Article 18 of the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’, the Bank of Russia took a decision (Order No. OD-1357 dated 11 June 2014) to terminate from 16 June 2014 the activity of the provisional administration of the credit institution Closed joint-stock company Joint-Stock Commercial Bank Saving and Credit appointed by Bank of Russia Order No. OD-329 of 18 March 2014 ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Closed joint-stock company Joint-Stock Commercial Bank Saving and Credit or CJSC C Bank Due to the Revocation of its Banking Licence’.


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