Dividends – yes, bonuses – no: the results of the meeting of shareholders of VTB – BBC News

VTB held annual shareholders’ meeting in St. Petersburg. Summing up, the head of VTB Andrey Kostin said the bank expects to reach the pre-crisis profit levels by increasing internal efficiency. He also intends to maintain the previous level of dividends and bonuses to give up

Dividends -. Yes, the bonus – no. VTB Board members do not receive additional remuneration for its performance in 2015. The reason – in the financial results. According to international accounting standards net profit of VTB Bank amounted to 1 billion 700 million rubles

“We approved the annual report, approved the dividend, if we take the absolute expression -. 15 billion rubles for the holders of common shares of them 9 billion rubles (60. per cent) will go to the state, 6 billion rubles -. private shareholders and approved the dividend of more than 17 billion rubles – preferred shares that we shall pay the state for the support that we have that is, in total, we have sent 32 billion rubles for dividends. “- said Chairman of the Board of PJSC” Bank VTB “Andrey Kostin

As a result, the dividend will be allocated about 67 percent of the profit according to Russian accounting standards.. Holders of ordinary shares will receive the same amount of distributed profits as before. It amounts to 15 billion rubles.

“We believe that it is correct. Because in an environment where there is an unstable situation, and revenue and profit of the company, in general, also have a tendency to instability, save stability in the dividend policy is very important. to the shareholders know that they will get a certain amount. Especially in terms of sanctions, when trading stocks and so is not easy, we try to keep our shareholders, we believe that this is the right investment. we have enough capital and income to support it, “- commented Chairman of the Board of PJSC” Bank VTB “Andrey Kostin

As stated in the VTB, in 2017 the bank’s shareholders will be able to vote and to follow the results via the Internet.. Including mobile devices. On July 1 this year, come into force amendments to the law that allow shareholders to vote using this system. Previously used only ballots.

“We present to our shareholders a new system of electronic voting. It stands in the lobby. They can try it and see how it works, to read, to express their wishes, so that next year we have used it to the full “, – says the first deputy chairman of PJSC” VTB Bank “Vasily Titov

Another issue that traditionally raised on the final shareholders’ meetings, -. the Supervisory Board. According to the results of voting it became Deputy Finance Minister Alexei Moiseev

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