Sberbank board recommends paying 361 bln rbl in 2018 divs

MOSCOW, Apr 16 (PRIME) -- The supervisory board of Russia’s biggest lender Sberbank has recommended paying 16 rubles per share, or a total of 361.391 billion rubles, in dividends for 2018, CEO German Gref told reporters on Tuesday.

The dividend payment will account for 43.5% of the bank’s net profit calculated under International Financial Reporting Standards (IFRS).

The record date is June 13.

In 2018, the bank paid 12 rubles per share, or a total of 271.043 billion rubles, in dividends for 2017, which accounted for 36.2% of the bank’s IFRS net profit for the year.

The central bank owns a 50% plus one share stake in Sberbank, non-Russian resident companies 45.64%, resident companies 1.52%, and private investors 2.84%.

(64.2469 rubles – U.S. $1)

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