On imposition of moratorium on satisfying claims of JSCB PERESVET creditors

In compliance with Article 189³⁸ of the Federal Law ‘On Insolvency (Bankruptcy)’ the Bank of Russia has imposed from 23 January 2017 a three-month moratorium on satisfying claims of creditors of the Joint-stock Commercial Bank for Charity and Spiritual Development of Fatherland PERESVET, a joint-stock company (Registration No. 2110).

JSCB PERESVET participates in the deposit insurance system. An insured event occurred on 21 October 2016, the date of the imposition of a moratorium on satisfying the bank creditors’ claims and also the calculation of indemnities in relation to the bank’s foreign currency liabilities.

The imposition of a moratorium on satisfying the bank creditors’ claims on 23 January 2017 is not an insured event, however, does not repeal the liability of the state corporation Deposit Insurance Agency (DIA) to pay indemnities to depositors occurred due to the imposition of a moratorium by Bank of Russia Order No. OD-3629, dated 21 October 2016.

The DIA continues paying indemnities on deposits (accounts) with JSCB PERESVET on the grounds stipulated by Clause 2 of Part 1 of Article 8 of the Federal Law ‘On Insurance of Household Deposits with Russian Banks’, i.e., the imposition of a moratorium on satisfying bank creditors’ claims by the Bank of Russia.

Information on agent banks authorised to pay indemnities is available on the DIA’s website at www.asv.org.ru.

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

23.01.2017 00.00.00