Bank “Peresvet” sanitize under the old scheme – at the expense of Agency on insurance of contributions (ASV) with the help of outside turnaround, as well as through the mechanism of bail-in (the conversion of debt to creditors of the Bank in its capital), the newspaper “Kommersant” with reference to the results of the meeting in the Central Bank.
It is assumed that the 28 largest creditors of the Bank with the balance on November 1 in size 61,93 billion convert 85% of these funds (52,6 billion) in a subordinated loan at 0.51% for a period of 15 years. Under the same conditions is converted 90% (18.6 billion rubles) debt of the four largest shareholders with funds in it is 20.6 billion rubles.
In addition, the DIA will provide a loan to the turnaround at 35 billion roubles also is 0.51% for 15 years. Thus, the price of the rescue Bank can be estimated at 106,2 billion.
The choice of motels “Peresvet”, according to the newspaper, is among such lenders as “Rosselkhozbank”, Sovcombank, Tatfondbank and FK “Opening”.
Previously, the main contender for the sanitation of problem Bank “Kommersant” called under control “Rosneft” “Russian regional development Bank” (the Bank).
The Board of Directors of “Peresvet” was Monday, November 14, to consider the form, nature and timing of implementation of measures for financial rehabilitation of the Bank.
On the same day, RBC and Kommersant wrotethat the Central Bank is really trying to negotiate with banks and companies holding funds in Bank accounts, on the conversion of debt in a subordinated Deposit. “Discusses subord for a period of 15 years under 1% per annum”, – said one of interlocutors of RBC. According to him, the conversion yet does not provide debt relief.
As reported by another source, creditors rely on the support of the regulator, however, the Central Bank is ready to allocate funds only to the extent comparable to the portfolio of deposits of natural persons, is about 12-13 billion.
However, major creditors, which are mainly represented by state-owned companies, the conditions proposed by the Central Bank are not satisfied because, according to preliminary calculations, the “hole” in the “Peresvet” can be much more than was previously known. The discussion turned into an open conflict between one group of creditors and the regulator.
Bank “Peresvet” in the third quarter of 2016, was ranked the 42nd place in terms of assets in ranking “Interfax-100″ prepared “Interfax-TSEA”.
We will remind, the Central Bank of the Russian Federation from October 21, 2016 appointed a provisional administration to manage the Bank “Peresvet” for a period of six months. This decision was made in connection with satisfaction of claims of creditors on monetary obligations in the terms exceeding seven days since the date of their satisfaction. For the period of activity of the provisional administration powers of Executive bodies of the Bank “Peresvet” is suspended. In addition, the CBR has imposed a moratorium on satisfaction of creditors ‘ claims.
Credit organization full name of “joint stock commercial Bank for assistance of charity and spiritual development of Motherland PERESVET (closed Joint stock company)” occupies 41st place by assets in the Russian banking system. Bank services and loans to government agencies, commercial enterprises, small and medium businesses and infrastructure projects secured by revenue from government contracts.
According to statements of the Bank, its loan portfolio is dominated by enterprises with state participation and companies, a significant proportion of the business which have contracts with the different regions or Federal agencies.
According to the latest data, the largest shareholder of the Bank (share of 36.5%) is a religious organization, “Financial and economic management of the Russian Orthodox Church (Moscow Patriarchate)”. The second largest shareholder (24.4 percent) is JSC “Expocentre”, belonging to the chamber of Commerce of Russia.
Another 13.2% of the shares of the Bank are OOO “Promotion”, which is 100% owned by ROC. Another company of the same name, owned by the head of the Bank Alexander Shvets, controls another 12.4%. The citizens of Russia Victor Litvjakov and Lydia makeevoy owns 5% and 4.5%, respectively. “OOO “Vnukovo-invest” owns 1.7 percent of the Bank, another 2.4% of the shares are in the hands of minority shareholders.
ROC, note, in late October said that has nothing to do with the problem Bank and asked not to call his Church.
Informed to “Novaya Gazeta” said that “Peresvet” was a pillar of the financial system of the Moscow Patriarchate. Established in the early 1990s on the initiative of Metropolitan Kirill, the current Patriarch, he was under the direct control of the Patriarchate (collectively, 49.6% of the two Church structures), but also had the state cover in the face of the second shareholder, the chamber of Commerce and industry of the Russian Federation.
“Peresvet” stuck about a third of all funds of the Russian Orthodox Church, although experts say that some of the money the Church hierarchy had to withdraw. What is happening can be either the beginning of the flight of capital from the Church of Russia, or the decisive blow of the authorities of the Church pocket.