Sberbank owners approve paying 56% of IFRS profit in 2020 divs

MOSCOW, Apr 23 (PRIME) -- The shareholders of Russia’s biggest lender Sberbank have approved paying 18.7 rubles per share, or 56% of net profit under International Financial Reporting Standards (IFRS), in dividends for 2020, the bank said in a statement on Friday.

The total dividend payments will amount to 422.4 billion rubles.

The record date is May 12.

The government holds a 52.32% common share stake in Sberbank.

(76.4217 – U.S. $1)

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