VTB puts divs of 50% IFRS profit in 2019–2022 strategy

MOSCOW, May 23 (PRIME) -- Russia’s VTB Group has included dividend payments in the amount of 50% of net profit under International Financial Reporting Standards (IFRS) in its development strategy for 2019–2022, the bank said in a presentation seen by PRIME on Thursday.

In 2018, the group’s IFRS net profit amounted to 178.8 billion rubles. VTB’s supervisory board earlier recommended paying 15% of IFRS net profit, or 26.8 billion rubles, in dividends.

VTB’s shares on the Moscow Exchange jumped over 10% and renewed the maximum since November 2018 after the publication of the presentation.

(64.4156 rubles – U.S. $1)

End