Peresvet bank passed under the control of Rosneft bank

RRDB, the turnaround manager of the former bank of the Russian Orthodox Church, bought out its additional issue.
Under the control of Rosneft, the All-Russian Bank for Regional Development (RRDB) received 99.999989% stake in the capital of Peresvet Bank based on the results of the additional issue, TASS reported citing materials from Peresvet. The decision to issue additional shares of the bank's ordinary shares was made on June 1. RRDB has redeemed the issue on a closed subscription basis.

The Corporate Relations Department of the Central Bank on June 22 registered a report on the results of the additional issue of uncertificated registered ordinary shares of Peresvet Bank, placed by private subscription. The date of state registration of the additional issue is June 1. 58,078,052,839,728 securities were issued with a par value of 1/5 807,732 rubles. a piece. The total volume of the additional issue at face value amounted to 9,999,954 rubles.

The Bank of Russia chose RRDB as an investor in the rehabilitation of Peresvet. The decision on reorganization with the use of the bail-in mechanism (mechanism for converting part of the debt into capital) was taken by the Central Bank on April 19, six months after the temporary administration was introduced into this bank. For Russia, this was to become the first case in the history of saving the bank with the participation of its creditors. Bank RRDB, the CB promised to allocate 66.7 billion rubles. To save Peresvet. Another 69.7 billion rubles. Were to provide more than 70 creditors of Peresvet, who expressed their readiness to convert their funds into 15-year subordinated bonds. Nine bondholders' meetings were held, at which decisions were taken to restructure six of the nine issues of bonded loans with simultaneous changes in parameters: an increase in the period to 20 years, a reduction in the interest rate to 0.51%. The hole in the bank for the middle of April was estimated at 103.6 billion rubles.

As early as the middle of January, it became known that the regulator had introduced two employees of RRDB into the temporary administration of Peresvet Bank. This is vice president Mikhail Polunin and deputy head of the department of economic security Alexander Vinokurov, followed from the order of the first deputy chairman of the Central Bank Dmitry Tulin. The source of Vedomosti, close to the Central Bank, said that their task is to conduct due diligence of Peresvet.

 Prior to the bank's problems, the Russian Orthodox Church controlled about 49% of Peresvet's shares - 36% belonged to the religious organization Financial and Economic Administration of the Russian Orthodox Church (Moscow Patriarchate), 13% - affiliated with OOO Sodeystvie. Another significant impact on the bank had a shareholder with a share of 24% - the Chamber of Commerce and Industry. The bank collapsed last autumn, and the Central Bank imposed an interim administration on the bank on October 21 for six months and imposed a moratorium on meeting creditors' claims for three months. However, this time the regulator was not enough to decide the fate of the bank, and on January 23 he extended the moratorium for another three months.

The bank was asked to save the heads of the major creditors of the bank - Inter RAO, RusHydro and the Chamber of Commerce and Industry (owns 24.4% of the bank's shares). In December, they wrote a letter to Prime Minister Dmitry Medvedev, assuring that creditors are ready to support the bank: "Our companies ... are ready to convert together with other major creditors the majority of claims (shareholders - 90%, creditors - 85%) to Peresvet "In the framework of <...> financial recovery of the bank."

 In "Peresvet" the means of depositors kept money: the bank attracted 22.5 billion rubles from individuals. Deposits, but the insurance of the Deposit Insurance Agency covered just over 6 billion. In January, a lawsuit was filed by the wife of the former vice-governor of St. Petersburg, Vasily Kichedzhi, to "Peresvet" for 47.6 million rubles, Interfax reported. There were practically no "casual" clients in the bank, a former employee of the bank told Vedomosti.

RusHydro kept funds in the bank, general director Nikolai Shulginov said, but did not name the amount, the company managed to take some of the money. Member of the Board of "Inter RAO" Evgeny Miroshnichenko confirmed the availability of company funds in the bank. Bonds of Peresvet were kept by Tatfondbank and "Otkrytie" - the bank invested 4.2 billion rubles in them. And recognized a loss of 2.6 billion.