Internet-BankingPersonal Banking

    Internet-BankingCorporate Banking

    Search:

    +7 |800| 555 5050

    Investor Relations \ Shareholders equity \ Dividends

    Governing bodies of the Bank make decisions on the amount and procedure of payment of dividends in accordance with the Federal Law “On Joint-Stock Companies” and the Bank’s Charter. The Bank’s Charter stipulates that the dividends may be paid to the shareholders based on the results of the first quarter, first six months, first nine months and/or a financial year.  

    The list of entities having right for dividends is formed on the basis of the list of entities having right to take part in the General Shareholders’ Meeting at which the decision on payment of dividends is made. If the Bank’s shares are held with a nominee then the shares’ nominal holder shall provide the Bank with the information about entities on behalf of which the shares are held in order to make a list of entities having rights for dividends.

    According to the Russian law and the Bank’s charter еhe Bank does not have any obligation to pay dividends on ordinary shares. The amount of dividends to be declared in any fiscal year and paid is decided at the Bank’s General Shareholders’ Meeting as recommended by the Supervisory Board based on the Bank’s net profit for the relevant period determined in accordance with RAS on a stand-alone basis.

    According to its charter, the Bank is required to pay dividends on preferred shares in the amount of 11% of such shares’ nominal value. The type A convertible preferred shares bear the dividend of 13.5% of the placement price in USD (paid in RUB at the official exchange rate quoted by the CBR for the date of the dividends recommendation made by the Bank’s Supervisory Board). If the Bank does not declare dividends on preferred shares at the annual shareholders’ meeting, or declares only partial dividends, the holders of preferred shares obtain the right to vote as holders of ordinary shares until such time that the dividends are paid. During such times when preferred shareholders enjoy voting rights, dividends on preferred shares do not accumulate.

    Dividend payments for 2010 are to be started on June 14, 2011.

    The following table sets forth the amount of dividends on ordinary and preferred shares for the period from 2006 to 2010. 

     Dividends on 
    ordinary shares
    		Dividends on preferred shares Type A convertible preferred shares RUR thousands
    		Dividends as percentage of net profit 
    RUR thousandsPer cent. of shares’ nominal value RUR thousands Per cent. of shares’ nominal value RUR thousandsDividends as of placement price in USD
    2010 31 037  11% 2 211  11% 760 360

     13.5%

    		 793 60819.29(under IFRS)
    52.21 (under RAS)
    2009 31 037 11% 2 211 11%  795 707 13.5% 828 95578.8 (under RAS)
    2008
    		 31 073
    		 11% 2 211
    		 11%  33 248

    1.2 (under IFRS)

    1.06 (under RAS)

    2007
    		 39 501  14%  2 211
    		 11%  41 712

     3.7 (under IFRS)

    3.71 (under RAS)

    2006 32 396 14% 2 211 11% 34 607

     2.9 (under IFRS)

    3.15 (under RAS)

    Search: