Activity of provisional administration to manage credit institution Proinvestbank terminated

On 30 December 2021, the Bank of Russia terminated the activity of the provisional administration¹ appointed to manage the credit institution Proinvestbank (hereinafter, the Bank).

As assessed by the provisional administration, the value of the Bank’s assets is insufficient to fulfil its obligations to creditors.

On 16 December 2021, the Arbitration Court of the Perm Territory recognised the Bank as insolvent (bankrupt) and initiated a bankruptcy proceeding against it. 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.

Settlements with the Bank’s creditors will be made in the course of the bankruptcy proceeding as the assets are sold (enforced). The quality of these assets is the responsibility of the Bank’s former management and owners.

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-743, dated 23 April 2021, following the revocation of the banking licenсe from Proinvestbank.

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

30.12.2021 17.00.01