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)
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