OREANDA-NEWS. Following the ruling of the Court of Arbitration of Saint Petersburg, dated 27 April 2016, on Case No. 56-18642/2016 on recognition of the Saint Petersburg-based credit institution Joint-stock Commercial Bank Bankirsky Dom, Joint-stock Company (BoR Registration Number 2928, registration date 27 June 1994) as insolvent (bankrupt) and appointment of a receiver pursuant to Clause 3 Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’, the Bank of Russia has decided to terminate (Order No. D-1597, dated 23 May 2016) effective 24 May 2016, the operations of the provisional administration of the credit institution Joint-stock Commercial Bank Bankirsky Dom, Joint-stock Company, as appointed under BoR Order No. D-727, dated 3 March 2016 ‘On appointment of a provisional administration to manage the Saint Petersburg-based credit institution Joint-stock Commercial Bank Bankirsky Dom, Joint-stock Company, following revocation of its banking licence’.