CEO: Sberbank to pay 50% of IFRS net profit in divs in 2024–2026

MOSCOW, Dec 6 (PRIME) -- Russia’s top bank Sberbank plans to pay 50% of its net profit calculated under International Financial Reporting Standards (IFRS) in dividends in 2024–2026 under its new strategy, CEO German Gref said on Wednesday during the bank’s Investor Day.

While presenting the new strategy of the banking group for the next three years, Gref said, “We should ensure a high level of dividend payments at the level of 50% of our net profit.”

Also, the bank plans to maintain a high return on equity and capital adequacy.

“In the next three years, we will ensure a high return on equity, whose rate should exceed 22%. We have to ensure our capital adequacy ratio of above 13.3%,” he said.

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