CFO: Russia’s VTB management may recommend 2015 divs flat on year

DAVOS, Switzerland, Jan 20 (PRIME) -- Management of Russia’s second biggest bank VTB may recommend its shareholders keep dividends for 2015 flat on the year in absolute terms, CFO Herbert Moos told PRIME Wednesday.

“It will be approximately the same (sum) in rubles, which we paid last year,” Moos said.

VTB paid 15.2 billion rubles on common shares and 2.836 billion rubles in dividends on preferred shares for 2014.

The Federal State Property Management Agency holds 60.93% in the bank.

(78.4862 rubles – U.S. $1)

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