24.10.2016, 14:03
On Appointment of Provisional Administration of JSCB PERESVET
OREANDA-NEWS. By its Order No. OD-3628, dated 21 October 2016, the Bank of Russia has appointed a provisional administration to manage the Joint-stock Commercial Bank for Charity and Spiritual Development of Fatherland PERESVET, a joint-stock company, in view of the bank’s failure to satisfy creditors’ monetary claims within the timeframe exceeding seven days from the deadline, for six months from 21 October 2016.
The powers of JSCB PERESVET executive bodies have been suspended for the period of activity of the provisional administration.
One the provisional administration’s priority tasks is to carry out an inspection of the credit institution’s financial position.
Simultaneously, in compliance with Article 189.38 of the Federal Law ‘On Insolvency (Bankruptcy)’ the Bank of Russia has imposed a moratorium on satisfying claims of JSCB PERESVET creditors by its Order No. OD-3629, dated 21 October 2016.
In accordance with the Federal Law ‘On Insurance of Household Deposits with Russian Banks’, the imposition of a moratorium on satisfying bank creditors’ claims is an insured event. The payment of indemnities to JSCB PERESVET depositors, including individual entrepreneurs, will start no later than 14 days after the imposition of the moratorium.
The procedure for paying indemnities will be determined by the state corporation Deposit Insurance Agency.
The Bank of Russia holds consultations with shareholders and major creditors of JSCB PERESVET to determine further prospects of the credit institution’s activity.
The powers of JSCB PERESVET executive bodies have been suspended for the period of activity of the provisional administration.
One the provisional administration’s priority tasks is to carry out an inspection of the credit institution’s financial position.
Simultaneously, in compliance with Article 189.38 of the Federal Law ‘On Insolvency (Bankruptcy)’ the Bank of Russia has imposed a moratorium on satisfying claims of JSCB PERESVET creditors by its Order No. OD-3629, dated 21 October 2016.
In accordance with the Federal Law ‘On Insurance of Household Deposits with Russian Banks’, the imposition of a moratorium on satisfying bank creditors’ claims is an insured event. The payment of indemnities to JSCB PERESVET depositors, including individual entrepreneurs, will start no later than 14 days after the imposition of the moratorium.
The procedure for paying indemnities will be determined by the state corporation Deposit Insurance Agency.
The Bank of Russia holds consultations with shareholders and major creditors of JSCB PERESVET to determine further prospects of the credit institution’s activity.
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