On 24 May 2013, VTB Bank Supervisory Council recommended to the Annual General Meeting of the Bank’s shareholders (AGM) to declare a dividend of RUB 0.00143 per ordinary registered share, with a nominal value of RUB 0.01, for the year 2012. The total dividend would thus amount to RUB 14,959 million, which corresponds to 16.5% of VTB Group net profit under IFRS.
VTB Bank will pay a record-high dividend since its initial public offering of 2007, in case the Supervisory Council’s proposal is approved by the AGM. The Bank’s total dividend declared for the year 2011 amounted to RUB 9,205 million, and for the year 2010 it was RUB 6,067 million.
If the AGM approves the Supervisory Council’s 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.
As a reminder, in April 2011 VTB Bank Supervisory Council’s Strategy and Corporate Governance Committee recommended to pay dividend on the results of the years 2010, 2011, 2012 and 2013 amounting to 10% minimum and 20% maximum of each year’s profit under IFRS.