Sovcombank to pay 3 bln rbl of undisbursed profit in dividends

MOSCOW, Jan 11 (PRIME) -- The shareholders of Russia’s Sovcombank have approved paying 16.03 kopecks per share, or a total of 3 billion rubles in dividends using the undisbursed profit of previous years, the bank said in a statement on Friday.

The bank will pay the dividends on February 1. The record date for the dividends is January 21.

In October 2018, the shareholders of Sovcombank approved paying 8.015 kopecks per common share, or a total of 1.5 billion rubles, in dividends from undisbursed profit.

Previously, the sole owner of Sovcombank was Sovco Capital Partners, owned by brothers Sergei and Dmitry Khotimsky. In September 2018, the Russian Direct Investment Fund said Japan’s SBI Holdings had joined a consortium of investors in Sovcombank with the Russia-China Investment Fund, but the stake that the consortium owns in the bank was not disclosed.

(66.8605 rubles – U.S. $1)

End