CEO: SberbankТs board recommends 12 rbl/share in 2017 divs
MOSCOW, Apr 17 (PRIME) -- The supervisory board of RussiaТs biggest lender Sberbank has recommended paying 12 rubles per share, or 36.2% of the net profit under International Financial Reporting Standards (IFRS), in dividends for 2017, CEO German Gref told reporters on Tuesday.
The total dividend payments will amount to 271 billion rubles, a 100% rise as compared with 2016, he said.
The central bank owns a 50% plus one share stake in Sberbank, non-Russian resident companies 45.6%, resident companies 1.5%, private investors 2.9%.
(62.2794 rubles Ц U.S. $1)