OREANDA-NEWS. Following the ruling of the Court of Arbitration of the Krasnodar Territory, dated 18 September 2015, on recognising insolvent (bankrupt) the credit institution public joint-stock company Gelendzhik-bank (Bank of Russia registration No.790, date of registration - 14 November 1990) and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law 'On Insolvency (Bankruptcy)', the Bank of Russia took a decision (Order No. OD-2767, dated 14 October 2015)to terminate from 15 October 2015 the activity of the provisional administration of the credit institution public joint-stock company Gelendzhik-bank, appointed by Bank of Russia Order No. OD-1698, dated 17 July 2015, 'On the Appointment of the Provisional Administration to Manage the Gelendzhik-Based Credit Institution Public Joint-Stock Company Gelendzhik-bank or PJSC Gelendzhik-bank (the Krasnodar Territory) Due to the Revocation of Its banking Licence'.