Bank of Russia stops managing Commercial Volgo-Donskoy Investment Bank
23 October 2007 (08:01)
The Bank of Russia’s PR Department reports that the Central Bank decided on October 19, 2007 to stop managing Joint Stock Commercial Volgo-Donskoy Investment Bank of Volgograd with the help of a provisional administration beginning from October 22, 2007. The administration was initially appointed by the Bank of Russia on August 29, 2007, but it will now have to stop operating due to withdrawal of a license allowing the holder to perform bank transactions.
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