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VTB Bank Supervisory Council recommends to increase dividend payment to the Bank’s shareholders

 
14 April 2010

On 14 April 2010, the VTB Bank Supervisory Council passed a recommendation for the Bank’s Annual General Shareholders Meeting to announce the 2009 dividend payment as RUB 0.00058 per one ordinary registered share with par value RUB 0.01. Funds to be channeled into the dividend payment exceed RUB 6 067 million, or 25.544% of the Bank’s net profit.

In 2008, the Bank paid out to its shareholders a dividend of RUB 0.000447 per each ordinary registered share with par value RUB 0.01. The total dividend payment amounted to RUB 3 006 million, or 11.18% of the Bank’s net profit.

If the Bank’s Annual General Shareholders Meeting approves the decision, the dividend will be paid out by crediting shareholders’ accounts or in cash at VTB Bank branch at 30 Bolshaya Morskaya, St.Petersburg.

The dividend will be paid out within 60 days of the Bank’s Annual General Shareholders Meeting approval. 


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