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VTB’s Strategy and Corporate Governance Committee Recommends on Dividend Policy

 
11 April 2011

The Strategy and Corporate Governance Committee, a part of  VTB Supervisory Board, has discussed the dividend policy and procedures for 2010-2013.

The Committee recommends to the Supervisory Board dividend amounts for 2010 – 2013 to be between 10% and 20% of the full year net income on the basis of the VTB Group IFRS financial results for the reporting years in question (2010, 2011, 2012 and 2013).

VTB Bank’s Supervisory Board final recommendations to the General Meeting of VTB on the dividend payout for 2010 will be presented in late April 2011.


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