Activity of provisional administration to manage LLC NCO Russian Financial Society terminated

On 19 October 2021, the Bank of Russia terminated activity of the provisional administration¹ appointed to manage Limited Liability Company Non-bank Credit Organization Russian Financial Society or LLC NCO Russian Financial Society (hereinafter, NCO Russian Financial Society).

No signs of insolvency (bankruptcy) were established as a result of the credit institution inspection conducted by the provisional administration.

On 8 October 2021, the Court of Arbitration of the City of Moscow issued a ruling on the forced liquidation of NCO Russian Financial Society.

Mikhail Storozhuk, a member of Self-regulatory Organisation Union of Liquidators ‘Sozidanie’ was appointed as a liquidator. Further information on the results of the provisional administration’s activity is available on the Bank of Russia website.

The reference to the Press Service is mandatory if you intend to use this material.

¹ The provisional administration was appointed by Bank of Russia Order No. OD-1534, dated 23 July 2021, following the revocation of the banking licence from NCO Russian Financial Society.

The reference to the Press Service is mandatory if you intend to use this material.

19.10.2021 17.00.00