PRIME-TASS. The supervisory board at Akibank, based in Naberezhny Chelny (Tatarstan), recommended that the bank’s shareholders approve 2008 dividend payouts, the lending institution’s press service reported.

The AGM was also recommended to approve dividends equal to 5% of net profit earned in 2008 or Rub 11.65 mln, i.e. Rub 0.074 per common share with Rub 10.00 par value each. The dividends will be paid out no later than 60 days after a decision to this effect is adopted. Dividends will be paid to legal entities in a non-cash form and both in cash and in a non-cash manner to households.

Akibank’s 2007 dividends totaled Rub 0.09 per share with Rub 10.00 par value, with Rub 14.53 mln (10% of the 2007 net profit) allocated to these purposes.

The lending institution’s charter capital is equal to Rub 1.56 bln. Among the lending institution’s major shareholders are Swedish fund East Capital Explorer Financial Institutions Fund AB (19.99%), ASKO Insurance Group (12.35%), Dorozhnye Mashiny (12.35%), Generating Company (6.24%), Svyazinvest (4.8%), Grid Company (4.52%), Aton-K (5.15%) and Trade & Industrial Company Kama Automobiles (2.48%).