The supervisory board at Rosselkhozbank is to consider the entry into Bank Peresvet's capital, the bank said in a press release on the corporate information portal.

"The agenda of the issuer's supervisory board meeting includes approval of Rosselkhozbank's participation in Bank Peresvet's charter capital if Rosselkhozbank's claims under Bank Beresvet subordinated bonds are converted into Bank Peresvet's common registered non-documentary shares," the press release runs.

To remind, on October 21, 2016 the Central Bank of Russia appointed temporary administration for Bank Peresvet, and also imposed a moratorium on payments due to the bank's inability to satisfy creditor claims within the periods exceeding seven days from the time when they fall due.

In late January 2017, the moratorium on the satisfaction of the bank's creditor claims was extended for three months.