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.
1 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.