Bank of Russia: On termination of activity of provisional administration (2/12/2016)
OREANDA-NEWS. Due to the ruling of the Court of Arbitration of the Nizhny Novgorod Region, dated 1 February 2016, with regard to case No. A43-27886/2015, on recognising insolvent (bankrupt) the credit institution United National Bank, limited liability company (Bank of Russia registration No. 2074, date of registration is 16 September 1992), and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-505, dated 12 February 2016) to terminate from 15 February 2016 the activity of the provisional administration of the credit institution United National Bank, limited liability company, appointed by Bank of Russia Order No. OD-2663, dated 6 October 2015, ‘On the Appointment of the Provisional Administration to the Nizhny Novgorod-based Credit Institution United National Bank, Limited Liability Company, Following Revocation of Its banking Licence’.