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Activity of provisional administration to manage TEMBR-BANK (JSC) terminated

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On 30 November 2020, the Bank of Russia terminated the activity of the provisional administration1 appointed to manage TEMBR-BANK (JSC) (hereinafter, the Bank).

No signs of the Bank’s insolvency (bankruptcy) have been established as a result of the provisional administration-conducted inspection of its financial standing.

On 16 November 2020, the Arbitration Court of the city of Moscow issued a ruling on the forced liquidation of the Bank.

The State Corporation Deposit Insurance Agency was appointed as a receiver.

Further information on the results of the activity of the provisional administration is available on the Bank of Russia website.

The provisional administration was appointed by Bank of Russia Order No. OD-1584, dated 2 October 2020, following the revocation of the banking licence from the Bank.

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Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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