OREANDA-NEWS. Due to the ruling of the Arbitration court of the Nizhny Novgorod Region, dated 24 April 2015, on recognising insolvent (bankrupt) the credit institution Professional Credit Bank, limited liability company (Bank of Russia Registration No. 2652, date of registration - 19 January 1994), 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-986, dated 5 May 2015) to terminate from 6 May 2015 the activity of the provisional administration of the credit institution Professional Credit Bank, limited liability company, appointed by Bank of Russia Order No. OD-3577, dated 19 December 2014, 'On the Appointment of the Provisional Administration to Manage the Nizhny Novgorod-Based Credit Institution Professional Credit Bank, Limited Liability Company, or PC-Bank LLC Due to the Revocation of its Banking Licence'.