In the Bank of the ROC explained the “disappearance” of the Chairman of the Board

Bank “Peresvet”

As informs television channel “Rain” with reference to its sources, the Chairman of the Board “Peresvet” Alexander Shvets disappeared a few days ago, his whereabouts are unknown. It is alleged that the Bank has notified the Bank of Russia that is temporarily acting head of the financial institutions is the Vice-President Pavel Panasenko.

“The man is sick. All the other insinuations are inappropriate. In the Bank everything is stable, management in the workplace”, — commented the Vice-President of “overexposure” Nadezhda Gromova.

In a press-service of the Bank “Peresvet” refused to comment RBC on this topic. Later on the Bank’s website published a statement in which information about the disappearance of a top Manager was called untrue. “Alexander Shvets is located in Moscow, but is undergoing treatment in a medical facility, therefore temporarily unable to perform the functions of Chairman of the Bank”, — stated in the message.

The situation was commented on in CB. “The absence of the Chairman of the Board at work for a valid reason, including vacation or illness, is not a cause for concern. In this case there are provided by the legislation and normative acts of the mechanisms of substitution of the Chairman of the Board for the period of absence. The credit organization works in a regular mode”, — stated in the message controller, in response to a request to RBC.

At the time of illness Shvets acting head of the management Board shall be temporarily performed by the Vice-President Pavel Panasenko, the Bank said. The press service of “Peresvet” also stressed that the Bank sees no connection between the temporary absence of the Chairman of the Board and a report of rating Agency Fitch.

October 5, Fitch has published a report which indicated that “Peresvet” gave loans to companies without real assets. Fitch’s analysis showed that 12 billion rubles of loans were high-risk. Part of them handed over to the organizations associated with the management of the Bank.

In the “Peresvet” a financial policy, Fitch explained that usually worked with the government or with local authorities, which allowed to reduce credit risks.

Gromov on October 12 reported that the staff Fitch has used old data and did not request new figures on the financial situation of the borrowers. “There was a substitution of language, and was created a distorted view of some of our borrowers, which has unnecessarily damaged the reputation of both the Bank and its clients,” she said.

The newspaper “Vedomosti” argued that the majority of Bank customers are organizations related to government. About 25% of the loan portfolio was accounted for by government contracts or contracts with large state enterprises.