On appointing the state corporation Deposit Insurance Agency to perform the functions of provisional administration of VPB JSC 

Due to a threat to creditors’ and depositors’ interests with respect to the Military-Industrial Bank, joint stock-company, or VPB Bank JSC (registration No.: 3065), the Bank of Russia appointed the state corporation Deposit Insurance Agency to perform the functions of the provisional administration of the bank from 16 September 2016 for the six months’ period.

The top priority objective of the provisional administration of VPB Bank JSC is to inspect the financial condition of the bank in order to determine its objective financial position.

The powers of shareholders connected with participation in the authorised capital and the powers of the management bodies are suspended within the period of activity of the provisional administration.

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