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“Peresvet” Bank has failed to place bonds for 2 billion rubles

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“Peresvet” Bank has failed to place bonds for 2 billion rubles

“Peresvet” Bank has failed to place bonds for 2 billion rubles
October 21
09:00 2016

As reported by TASS, Peresvet bank has failed to place BO-04 bonds with the total nominal value of 2 billion rubles. It should be mentioned that 49 percent of the bank belongs to the Russian Orthodox Church. The bonds placement at par value was being held from 14 to 19 October. None of the bonds was sold to investors.

A rough patch hit the bank when Fitch report published about the situation in the bank. There have been found signs of the affiliation of the bank borrowers with each other or with shareholders and the bank management.
Fitch drew attention to the fact that the 100 largest borrowers of Peresvet Bank had a little less than 50% of the loan portfolio.

Later, the channel “Rain”, referring to its sources, reported that Alexander Shvets, chairman and minority shareholder of “Peresvet” had disappeared. The credit organization denied this information. The representatives of the bank said that Shvets was on sick leave. Later, RNS gave the information with reference to the employee of the call center “Peresvet” that the head of the bank was in intensive care. Vice President Pavel Panasenko is currently running the bank.

Two days ago Peresvit limited the issuance of deposits for the sum of 100 000 rubles. This was explained by the fact that the credit institution had no problems with the liquidity, and the cash withdrawal limit was a temporary measure, which would be cancelled in the near future.

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