Head of Russian Church-Controlled Bank Disappears — Reports

The head of Russia's Peresvet bank — the financial corporation which boasts the Russian Orthodox Church as its major stakeholder — has disappeared, the Dozhd television channel alleged Friday. Alexander Shvets has been missing for several days after releasing a report showing poor performance at the bank, two unnamed company sources told Dozhd. Russia's Central Bank has already been notified of th

[Ereni]

A recent report on Peresvet by Fitch Ratings “expressed concerns” at the number of high-risk loans being issued by the bank. Credit worth 12 billion rubles ($191 million)—roughly half of Peresvet's capital—had been issued to companies&individuals with “no real assets,”(