Sberbank can pay a record dividend of 565 billion rubles for 22 years

MOSCOW, March 17 (Reuters) – Russia’s largest bank, Sberbank, may allocate 565 billion rubles, or 25 rubles per common share, to pay dividends in 2022, the bank said on a supervisory board recommendation to its shareholders’ meeting.

The deadline for registration is May 11.

Sberbank, controlled by the Russian government, achieved a net profit of 270.5 billion rubles in accordance with IFRS in 2022, compared to 1.2 trillion rubles a year earlier, despite being subject to US sanctions.

The Ministry of Finance of the Russian Federation expected that Sberbank would pay a dividend for 2022 in the amount of at least 50% of profits.

Sberbank, on the recommendation of the government and the Central Bank of Russia, decided not to pay dividends for 2021. Dividends for 2020 amounted to 422.4 billion rubles, or 18.7 rubles per share.

Head of the bank German Gref

he said

that in the future the bank will always try to pay dividends to shareholders without considering the possibility of paying an interim dividend. (Moscow office)