OREANDA-NEWS. Due to the revealed signs of unstable financial position of the Saint Petersburg-based closed joint-stock company Bank Sovetsky or CJSC Bank Sovetsky (Bank of Russia Registration No. 558, date of registration - 24 October 1990) (hereinafter, the Bank), threatening its creditors' (depositors') interests, the Bank of Russia decided to appoint the state corporation Deposit Insurance Agency to perform the functions of the provisional administration of CJSC Bank Sovetsky from 23 October 2015.

The powers of the Bank's management, its management bodies and the Bank's shareholders connected with participation in the authorised capital, including the right to summon general shareholders meeting, are suspended.

One of the top priority objectives of the provisional administration is to inspect the financial position of the credit institution.