VTB Bank Supervisory Council recommends dividend amount
On 25 April 2012, VTB Bank Supervisory Council recommended to the Annual General Meeting (AGM) of the Bank's shareholders to declare a dividend of RUB 0.00088 per ordinary registered share with RUB 0.01 nominal value for the year 2011. The total dividend would thus amount to RUB 9,205 million.
If the AGM approves the proposal, the dividend will be paid out by crediting the relative amounts to the shareholders' bank accounts, or in cash at Operations Department-5 of VTB Bank Branch in St. Petersburg at: 30 Bolshaya Morskaya Str., St. Petersburg.
The total dividend paid out for the year 2010 amounted to RUB 6,067 million, for the year 2009 it was also the same amount - RUB 6,067 million, and for the year 2008 - RUB 3,006 million.
As a reminder, in April 2011 the VTB Bank Supervisory Council's Strategy and Corporate Governance Committee recommended to pay dividends on the results of 2010, 2011, 2012 and 2013 years amounting to 10% minimum and 20% maximum of each year's profit under IFRS.
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