On Termination of Activity of Provisional Administration
OREANDA-NEWS. Due to the ruling of the Arbitration court of the city of Moscow, dated 27 January 2016, on case А40-226048/15-38-631B on recognising insolvent (bankrupt) the credit institutionclosed joint-stock company Joint-stock Commercial Bank Benefit-bank (Bank of Russia Registration No. 3229, date of registration - 14 March 1995) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law 'On Insolvency (Bankruptcy)', the Bank of Russia decided (Order No. OD-503, dated 12 February 2016) to terminate from 15 February 2016 the activity of the provisional administration of the credit institution closed joint-stock company Joint-stock Commercial Bank Benefit-bank appointed by Bank of Russia Order No. OD-2980, dated 2 November 2015, 'On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Closed Joint-stock Company Joint-Stock Commercial Bank Benefit-bank or JSCB Benefit-bank Due to the Revocation of Its Banking Licence'.