Moscow. April 27. Bank “Peresvet” in the framework of financial rehabilitation have reduced the authorized capital to 1 ruble. As stated in the Central Bank registered the report on results of additional issue of the Bank in which the Bank shares have been converted into securities of smaller denominations. This has led to the reduction of capital to 1 ruble.
The Bank’s authorized capital were $ 1.911 billion, it was divided into 5 million 807,832 thousand ordinary shares with a par value of 329 rubles. Expocentre previously owned 42.3% of shares of “Peresvet”. The Russian Orthodox Church directly owned 27.5% of the Bank, its controlled OOO “Promotion” of 9.9%. The company is the former head of Bank Alexander Shvets – OOO Soglasie – owned 9.3% of shares.
CBR 19 APR decided to sanitize the Bank “Peresvet” with the use of the mechanism of bail-in (the conversion of Bank liabilities in its capital). The Bank of Russia will allocate funding in the amount of 66.7 billion rubles. ; Selected all-Russian regional development Bank (RRDB under control “Rosneft”.
More than 70 creditors “Peresvet” on a voluntary basis and expressed a willingness to convert is placed in funds in the amount of 69.7 billion roubles in 15-year subordinated bonds that can be converted into shares. The nominal amount of the subordinated bonds amounted to 125 billion rubles.
The “hole” in the Bank’s equity in the assessment of its financial situation the Agency for Deposit insurance and the Central Bank is estimated at 103,6 billion.
“Peresvet” from 21 October 2016, under action of the moratorium on satisfaction of creditors ‘ claims, the validity of the second moratorium will expire April 23, 2017. In October last year for six months, in the “Peresvet” was also introduced temporary administration on Bank management, February 20, its functions assigned to Agency on insurance of contributions (ASV).
Bank “Peresvet” in the third quarter of 2016, was ranked the 42nd place in terms of assets in ranking “Interfax-100” prepared “Interfax-TSEA”.