Reports of plans to buy bank 'hoax' - Russian Church

Source: Interfax-Religion

January 14, 2016


The Moscow Patriarchate has dismissed rumors about its intention to buy the Moscow-based bank Ergobank.

"We know nothing about it. Most likely, it is just a hoax," head of the Patriarchate's financial department, Metropolitan Mark of Ryazan and Mikhailovsk, told Interfax-Religion on Wednesday.

A number of media reports said earlier that the Church was in talks over the purchase of a majority stake in Ergobank.

The bank, which has been experiencing problems with liquidity, stopped paying out deposits to individual clients. The bank, founded in 1994, is used by over 60 Russian Church organizations from 18 dioceses.



Here you can leave your comment on the present article, not exceeding 4000 characters. All comments will be read by the editors of OrthoChristian.Com.
Enter through FaceBook
Your name:
Your e-mail:
Enter the digits, seen on picture:

Characters remaining: 4000

to our mailing list

* indicates required