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 Makhachkala-based credit institution INNOVATION AND COMMERCIAL BANK MESED, LIMITED LIABILITY COMPANY, or ICB MESED LLC (Bank of Russia Registration No. 184, date of registration — 25 December 1990) (Order No. OD-2248 of 28 August 2014) the Bank of Russia took a decision (Order No. OD-2249 of 28 August 2014) to appoint from 28 August 2014 a provisional administration to manage the credit institution INNOVATION AND COMMERCIAL BANK MESED, LIMITED LIABILITY COMPANY, 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.

Fatmir B. Kadyrov, chief economist of the credit institution supervision sector of the banking supervision section of the National Bank of the Republic of Dagestan, has been appointed as the head of the provisional administration of the credit institution INNOVATION AND COMMERCIAL BANK MESED, LIMITED LIABILITY COMPANY.

The provisional administration of the credit institution INNOVATION AND COMMERCIAL BANK MESED, LIMITED LIABILITY COMPANY, also includes: A.G. Khiramanov, B.A. Abdullaev, A.G. Shikhaev.

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

28.08.2014 00.00.00