On appointment of provisional administration

In compliance with Clause 2 of Article 17 of the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’ and due to the revocation of the banking licence from the Elista-based credit institution OPEN JOINT-STOCK COMPANY KALMYK COMMERCIAL BANK KREDITBANK or OJSC KCB KREDITBANK (Bank of Russia Registration No. 1035, date of registration — 29 November 1990) (Order No. OD-2871 of 16 October 2014) the Bank of Russia took a decision (Order No. OD-2872 of 16 October 2014) to appoint from 16 October 2014 a provisional administration to manage the credit institution OPEN JOINT-STOCK COMPANY KALMYK COMMERCIAL BANK KREDITBANK for a term in accordance with the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’ until the arbitration court adjudication on the recognition of bankruptcy and initiation of bankruptcy proceedings (appointment of a receiver) or until the arbitration court adjudication on the appointment of a liquidator becomes valid.

Khongor V. Mandzhiev, chief economist of the banking supervision section of the National Bank of the Republic of Kalmykia, has been appointed as a head of the provisional administration of the credit institution OPEN JOINT-STOCK COMPANY KALMYK COMMERCIAL BANK KREDITBANK.

The provisional administration of the credit institution OPEN JOINT-STOCK COMPANY KALMYK COMMERCIAL BANK KREDITBANK also includes: V.Ye. Tsokurov, O.N. Tsiklauri, M.Kh. Badmaev, L.K. Kuyukinova, A.V. Kaylakaeva, S.V. Maslov, N.N. Khudyakova, P.S. Musaeva, T.V. Sergeeva, O.V. Teslenko, Zh.V. Bronnikova, D.M. Bulgakov, O.V. Shcherbakova, S.A. Sokolov, T.N. Abakumova, A.N. Davidenko.

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16.10.2014 00.00.00