On 20 April 2011, VTB Bank Supervisory Council recommended to the Annual General Meeting (AGM) of the Bank’s shareholders to declare a dividend of RUB 0.00058 per ordinary registered share for the year 2010. The total dividend would thus amount to RUB 6,067 million, or about 14% of the bank’s net profit according to Russian Accounting Standards.
The total dividend paid out for the year 2009 amounted to RUB 6,067 million, and for the year 2008 – RUB 3,006 million.
If the AGM approves the proposal, the dividend will be paid out by crediting of the relative amounts to the shareholders’ bank accounts, or in cash at VTB Bank Branch in St.Petersburg at: 30 Bolshaya Morskaya Str., St.Petersburg.
The dividend is to be paid out within 60 days after the AGM decision.