OREANDA-NEWS. In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’ and due to the revocation of the banking licence from the Moscow-based credit institution Commercial Bank Alta-Bank, closed joint-stock company, or CB Alta-Bank CJSC (Bank of Russia Registration No. 2269, date of registration — 29 January 1993) (Order No. OD-402, dated 8 February 2016) the Bank of Russia took a decision (Order No. OD-403, dated 8 February 2016) to appoint from 8 February 2016 a provisional administration to manage the credit institution Commercial Bank Alta-Bank, closed joint-stock company, for a term in accordance with the Federal Law ‘On Insolvency (Bankruptcy)’ until the arbitration court adjudication on the recognition of bankruptcy and initiation of bankruptcy proceedings (appointment of a receiver) or until the arbitration court adjudication on the appointment of a liquidator becomes valid.

Yevgeny Vaisberg, chief economist of liquidated credit institution section No. 1 of the Credit Institution Licensing and Liquidation Division of the Bank of Russia Main Branch for the Central Federal District, has been appointed as a head of the provisional administration of the credit institution Commercial Bank Alta-Bank, closed joint-stock company.

The provisional administration of the credit institution Commercial Bank Alta-Bank, closed joint-stock company, also includes: I.V. Azarova, N.P. Kazakova, A.A. Deyev, N.N. Sinelnikova, I.V. Bandrovskaya, N.A. Sablina, A.I. Perelygina, V.V. Bogdanovich, L.V. Neudakhina, D.M. Bulgakhov, N.V. Bondareva, I.A. Slusarev, P.I. Tsikh.