Rosneft's bank takes over Orthodox Church bank Peresvet

23 Jun, 2017

Peresvet said on a regulatory filing that RRDB has become the owner of almost 100 percent of the bank after Peresvet held an additional share issue, part of a process to prevent the bank from going into bankruptcy.

In October last year, the central bank introduced a "temporary administration" at Peresvet, half of which belongs to Russia's powerful Orthodox Church, as the lender faced issues with its capital.

 

Copyright Reuters, 2017
 

 

 

 

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