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Kremlin comments on situation in Peresvet bank linked with Moscow Patriarchate

October 24, 2016, 15:31 UTC+3 MOSCOW
According to the presidential spokesman, the Central Bank is dealing with the situation
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MOSCOW, October 24. /TASS/. Kremlin is not dealing with the situation in the Peresvet bank, that is the authority of the Central Bank, presidential spokesman Dmitry Peskov told reporters.

"Our mega-regulator - the Central Bank - is dealing with the Peresvet bank. This is not the authority of Kremlin. Kremlin is not busy with monitoring, control and regulation of the activities of credit institutions," he said.

On October 18, the Peresvet bank that has been historically linked with the Moscow Patriarch’s office, introduced the limit of 100,000 rubles ($1,601) on allocation of funds to its clients. Later the bank said that it did not have difficulties with liquidity and restrictions for the provision of cash would soon be removed.

On October 21, the Central Bank announced that a temporary administration has been appointed in the bank.

The Peresvet bank was registered on October 13, 1992. The Moscow Patriarchate holds about 36% of the bank’s shares. OOO Sodeystviye holds 13% and Expocenter owns 24%. The bank is a member of the deposit insurance system. In terms of assets the Peresvet Bank ranks 59th the Russian banking system.

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