VTB Bank shareholders approve 2020 dividends of 32.74 bln rbl

MOSCOW, Jul 1 (PRIME) -- The shareholders of Russia’s second largest bank VTB have approved paying 18.15 billion rubles on ordinary shares and 14.59 billion rubles on preferred shares, or a total of 32.74 billion rubles, in dividends for 2020, the bank said in a statement on Thursday.

VTB’s net profit stood at 75.3 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS).

The government owns 92.2% of the bank’s shareholder equity, with the Federal Sate Property Management Agency controlling a 12.1% stake, the Finance Ministry owning a 32.9% stake as it owns all type-1 preferred shares, and the Deposit Insurance Agency owning a 47.2% stake as it owns all type-2 preferred shares. The free-float is 7.8%.

(72.7234 rubles – U.S. $1)

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