Russian Regional Development Bank gets 99.9% in Bank Peresvet

MOSCOW, Jun 23 (PRIME) -- Russian Regional Development Bank, owned by Rosneft, has acquired a 99.999989% interest in Bank Peresvet after purchasing its additional shares, according to a statement by Bank Peresvet undergoing bailout procedures, released on Friday.

The central bank introduced an interim administration at Peresvet Bank in October 2016 for six months. In February, the regulator appointed the Deposit Insurance Agency as an interim administrator with an order terminating activities of the previous interim administration.

Russian Regional Development Bank will receive a 66.7 billion ruble loan on the bail in from the central bank.

(60.1482 rubles – U.S. $1)

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