Activity of provisional administration to manage credit institution Joint-stock company United Reserve Bank terminated
On 30 December 2021, the Bank of Russia terminated the activity of the provisional administration1 appointed to manage the credit institution Joint-stock company United Reserve Bank (hereinafter, the Bank).
No signs of insolvency (bankruptcy) were established as a result of the credit institution inspection conducted by the provisional administration.
On 16 December 2021, the Court of Arbitration of the City of Moscow issued a ruling on the forced liquidation of the Bank. The State Corporation Deposit Insurance Agency was appointed as receiver.
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-2079, dated 8 October 2021, following the revocation of the Bank’s banking licence.
The reference to the Press Service is mandatory if you intend to use this material.
30.12.2021 17.00.00