Activity of provisional administration to manage JSC Bank Onego terminated
On 24 February 2021, the Bank of Russia terminated the activity of the provisional administration1 appointed to manage credit institution JSC Bank Onego (hereinafter, the Bank).
No signs of insolvency (bankruptcy) have been established as a result of the provisional administration-conducted inspection of the credit institution.
On 8 February 2021, the Arbitration Court of the Republic of Karelia issued a ruling on the forced liquidation of the Bank.
The State Corporation Deposit Insurance Agency was appointed as a receiver.
Further information on the results of the activity of the provisional administration is available on the Bank of Russia website.
1 The provisional administration was appointed by Bank of Russia Order No. OD-2052, dated 11 December 2020, following the revocation of the banking licence from the Bank.
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24.02.2021 17.00.00