Inter RAO receives back 15% of suspended Peresvet deposits, to be allocated toward investments, dividends

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Inter RAO receives back 15% of suspended Peresvet deposits, to be allocated toward investments, dividends

MOSCOW. April 28 (Interfax) - Inter RAO has already received back 15% of suspended deposits at Peresvet Bank which it will allocate toward investments and dividends, Inter RAO CEO Boris Kovalchuk told journalists.

"We have already received the money, we will make allocations to investment, dividends," he said.

Inter RAO lost access to 18.7 billion rubles on deposit with Peresvet Bank when financial rescue procedures began at the bank. The bulk of the money - 85% - has now been converted into 15-year subordinated bonds.