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On termination of activity of provisional administration

20 March 2015
Press release

Due to the ruling of the Arbitration Court of the Republic of Daghestan, dated 10 March 2015, on forced liquidation of the credit institution Joint-Stock Commercial Bank Adam International (joint-stock company) (Bank of Russia Registration No. 2232, date of registration — 12 January 1993) and the appointment of a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-601, dated 20 March 2015) to terminate from 23 March 2015 the activity of the provisional administration to manage the credit institution Joint-Stock Commercial Bank Adam International (joint-stock company) appointed by Bank of Russia Order No. OD-65, dated 20 January 2015, ‘On the Appointment of the Provisional Administration to Manage the Makhachkala-based Credit Institution Joint-Stock Commercial Bank Adam International (Joint-Stock Company) (JSCB Adam International JSC) Due to the Revocation of Its Banking Licence’.


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