On appointing DIA to perform functions of provisional administration

In compliance with Federal Law No. 127-FZ, dated 26 October 2002, ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision to appoint the state corporation Deposit Insurance Agency (hereinafter, the Agency) to perform the functions of the provisional administration of the Saint Petersburg-based open joint-stock company joint-stock commercial bank Tavrichesky.

The powers of shareholders of Tavrichesky Bank connected with their participation in the authorised capital, and the powers of the executive bodies are suspended for the period of activity of the provisional administration enabling the Agency to take the bank’s assets under the operational control.

One of the tasks of the provisional administration is conducting examination of financial standing of the credit institution.

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11.02.2015 00.00.00