VTB Supervisory Board recommends not paying dividends for 2022 – Kommersant

VTB Supervisory Board recommends not paying dividends for 2022 - Kommersant

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The Supervisory Board of VTB recommended that shareholders not pay dividends for 2022 due to the bank’s lack of net profit. portal disclosure. The annual meeting of VTB shareholders will be held on June 30 in absentia.

In 2022, VTB received record losses – 756.8 billion rubles. according to RAS, as well as 613 billion rubles. according to IFRS. In 2023, the bank plans to return to positive financial results, to make a profit in the amount of 327 billion rubles. up to 400 billion rubles.

Board member of the bank Dmitry Pyanov back in April saidthat the payment of dividends for the last year is not planned. According to him, in 2024, following the results of a “new record” for profit in 2023, according to VTB’s expectations, the group will also be limited in paying dividends.

On the financial performance of the bank – in the publication “Kommersant” “VTB reported for the losses of the entire sector”.

Laura Keffer

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