Bank Saint Petersburg Allocates 20% of its Net Profit for Dividends
The Supervisory Board made the resolution to recommend the Annual General Shareholders’ Meeting to be held on May 24, 2018 to pay dividends in the amount of RUB 811.5 mln, or 20% of the Bank’s FY 2017 net profit under Russian Accounting Standards. The dividends will amount to RUB 1.62 per one ordinary share and RUB 0.11 per one preference share. The dividend record date is June 4, 2018.
The Meeting approved 2017 Annual Report and 2017 Financial Statements of Bank Saint Petersburg and made the resolution to recommend the Annual General Shareholders' Meeting to allocate RUB 3.2 bn as retained earnings for further development of the Bank's business.