Annual General Shareholders’ Meeting of Sberbank of Russia Resolving to Pay 2011 Dividends

Jun 01, 2012

1 June 2012, Moscow – The Annual General Shareholders’ Meeting of Sberbank of Russia approved recommendations of the Supervisory Board to pay out 2011 dividends – 2.08 rubles per one common share and 2.59 rubles per one preferred share. The 2010 dividends were 0.92 and 1.15 rubles, respectively.

Dividend yield was 2.17 % for common shares and 3.30 % for preferred shares. Total 2011 dividend payments will reach over 47 bn. rubles.

Sberbank significantly increased the share of net earnings allocated for dividend payment to 15.3 % of the Bank's annual net earnings under RAS (against 12.1 % in 2010 and 10 % in 2006-2009).

 

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Sberbank of Russia
Alexander Baziyan
Administration of Public Relations
tel. +7(495) 957 5721
media@sberbank.ru

OJSC Sberbank of Russia is the largest bank of Russia that holds about 27 % of the Russian banking assets and employs nearly 240,000 people. The RF Central Bank is the founder and major shareholder of OJSC Sberbank of Russia, owning over 60 % of its voting shares. Other shares are held by more than 245,000 natural persons and legal entities. The Bank can boast of the largest office network in Russia: 17 territorial banks, about 19,000 branches and internal structural unit as well as subsidiaries in Kazakhstan, Ukraine and Belarus, a branch in India, representative offices in Germany and China.

The number of the General License of the Bank of Russia for banking transactions is 1481.

The bank's official website - www.sberbank.ru