Activity of provisional administration to manage SNBCO JSC Narat terminated
On 26 July 2021, the Bank of Russia terminated activity of the provisional administration1 appointed to manage Settlement Non-bank Credit Organization Joint Stock Company Narat, or SNBCO JSC Narat (hereinafter, the NCO).
No signs of insolvency (bankruptcy) have been established as a result of the provisional administration-conducted inspection of the credit institution.
On 13 July 2021, the Arbitration Court of the Republic of Tatarstan issued a ruling on the forced liquidation of the NCO.
Evgeniy Katser, a member of Non-profit Partnership Self-regulatory Organisation of Receivers ‘Razvitie’ was appointed as a liquidator.
Further information on the results of the provisional administration’s activity is available on the Bank of Russia website.
1The provisional administration was appointed by Bank of Russia Order No. OD-983, dated 28 May 2021, following the revocation of the banking licence of SNBCO JSC Narat.
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26.07.2021 17.00.00