Dividends are expected from Sberbank – Newspaper Kommersant No. 25 (7470) dated February 10, 2023
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On Thursday, February 9, Deputy Finance Minister Vladimir Kolychev said that the Ministry of Finance expects Sberbank to pay dividends for last year at least in the amount of at least half of its net profit. “We will discuss further,” he added. Over the past year, the bank’s net profit under RAS (excluding SPDS) amounted to 300.2 billion rubles. The bank will announce results under IFRS in March.
According to Sberbank’s dividend policy, the bank pays shareholders at least 50% of IFRS net profit while maintaining a comfortable capital adequacy level of at least 12.5%. Its head German Gref said in November that the bank would enter a “normalized state” in 2023, this also applies to dividends. The controlling stake in Sberbank is held by the government, which owns 52.32% of ordinary shares.
On the back of news about Sberbank’s dividends, common stock quotes climbed 2%, although they closed just 0.9% higher than Wednesday’s by the end of the day. At the same time, the Moscow Exchange index rose by 0.5%.
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