OREANDA-NEWS. January 13, 2016.  Following the ruling of the Court of Arbitration of the city of Moscow, dated 15 December 2015, on case No. А40-203245/15 on recognising insolvent (bankrupt) the Moscow-based credit institution open joint-stock company JOINT-STOCK COMMERCIAL BANK FOR DEVELOPMENT OF TIMBER INDUSTRY (Bank of Russia registration No. 1598, date of registration is 25 October 1991) 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-3832, dated 30 December 2015) to terminate from 31 December 2015 the activity of the provisional administration of the credit institution open joint-stock company JOINT-STOCK COMMERCIAL BANK FOR DEVELOPMENT OF TIMBER INDUSTRY, appointed by Bank of Russia Order No. OD-2661, dated 6 October 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-Based Credit Institution Open Joint-stock Company JOINT-STOCK COMMERCIAL BANK FOR DEVELOPMENT OF TIMBER INDUSTRY or OJSC JSCB Lesbank Due to the Revocation of Its banking Licence’.