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On termination of activity of provisional administration

10 February 2015
Press release

Due to the ruling of the Arbitration court of the Orenburg Region, dated 28 January 2015, on recognising insolvent (bankrupt) the credit institution open joint-stock company Investment Bank Buzulukbank (Bank of Russia Registration No. 1282, date of registration — 24 December 1990) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-317, dated 9 February 2015) to terminate from 10 February 2015 the activity of the provisional administration of the credit institution open joint-stock company Investment Bank Buzulukbank, appointed by Bank of Russia Order No. OD-3456, dated 10 December 2014, ‘On the Appointment of the Provisional Administration to Manage the Buzuluk-Based Credit Institution Open Joint-Stock Company Investment Bank Buzulukbank or OJSC Investbank BZL (the Orenburg Region) Due to the Revocation of Its Banking Licence’.


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