04 June 2004 05:50
Credittrust needs CBR permission for self-liquidation
ST. PETERSBURG. June 4 (Interfax) - Credittrust must acquire permission from the Central Bank of Russia for
self-liquidation, CBR First Deputy Chairman Andrei Kozlov said at a press conference Friday.
The Central Bank will make its decision after evaluating the state
of the bank: if there are sufficient assets to meet all creditors
Commenting on Credittrust's decision for voluntary liquidation, Kozlov said that such a step required certain
procedures to meet with existing legislation. The bank must give 30 days notice for an extraordinary shareholders
meeting and announce the meeting's agenda. Then, after such a meeting, it has five days to notify the Central Bank
of its decision for voluntary liquidation and ask permission for such a step.
The Central Bank has not received any documents about liquidation
from Credittrust, Kozlov said. The bank's management remains its
claims, permission is given; if there are insufficient assets - the bank may have its license revoked and then be
forced into liquidation or bankruptcy, Kozlov said.
management and continues to implement its functions, he said. [RU ASIA EUROPE EEU EMRG BNK CEN] me
[Interfax] |
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