OREANDA-NEWS. March 23, 2016. Due to the ruling of the Court of Arbitration of Moscow, dated 24 February 2016, with regard to case No. А40-247973/15-88-471 B, on recognising insolvent (bankrupt) the credit institution Commercial Bank RENAISSANCE, limited liability company, (Bank of Russia registration No. 1939, date of registration: 26 June 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-937, dated 21 March 2016) to terminate from 22 March 2016 the activity of the provisional administration of the credit institution Commercial Bank RENAISSANCE, limited liability company, appointed by Bank of Russia Order No. OD-3591, dated 14 December 2015, ‘On the Appointment of the Provisional Administration to the Moscow-based Credit Institution Commercial Bank RENAISSANCE, Limited Liability Company, or LLC CB Renaissance Due to the Revocation of its Banking Licence’.