Activity of provisional administration to manage Commercial Bank FinTech (LLC) terminated
On 31 March 2021, the Bank of Russia terminated the activity of the provisional administration1 appointed to manage credit institution Commercial Bank FinTech (LLC) (hereinafter, the Bank).
No signs of the Bank’s insolvency (bankruptcy) have been established as a result of the provisional administration-conducted inspection of its financial standing.
On 16 March 2021, the Arbitration Court of the City of Moscow issued a ruling on the forced liquidation of the Bank.
Sergey Kuznetsov, a member of the Association of Leading Receivers Dostoyanie, was appointed as a liquidator.
More details about the work of the provisional administration are available on the Bank of Russia website.
1 The provisional administration was appointed by Bank of Russia Order No. OD-2054, dated 11 December 2020, due to the revocation of the banking licence from the Bank.
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31.03.2021 18.06.15