Sberbank of Russia intends to earmark 27% of its RAS net profit or 25% of the group's IFRS net profit for dividend payouts, Sberbank CEO German Gref said.
"So this year our shareholders will see returns of over 77% from their shares which include dividend payouts and income from higher stock prices," he commented.
According to him, dividend payouts will be Rub 6.00 per share.
Gref noted that Sberbank's dividend payouts were raised as a result of the compromise between shareholder interests and the measures to provide stability and long-term reliability of the group's companies.
