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On termination of activity of provisional administration

25 May 2015
Press release

Due to the ruling of the Arbitration court of the city of Moscow dated 18 May 2015 on the forced liquidation of the credit institution Congress-Bank (open-joint stock company) (Bank of Russia Registration No. 2330, date of registration — 29 April 1993), and the appointment of a liquidator 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-1144, dated 25 May 2015) to terminate from 26 May 2015 the activity of the provisional administration of the credit institution Congress-Bank (open joint-stock company) appointed by Bank of Russia Order No. OD-616, dated 24 March 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Congress-Bank (Open Joint-Stock Company), or OJSC Congress-Bank, Due to the Revocation of Its Banking Licence’.


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