VTB 24 to pay dividends of 5 bln rubles for 2011, not including interim dividends
MOSCOW. May 29 (Interfax) - VTB 24 shareholders voted at their annual general meeting on May 28 to pay dividends of 5 billion rubles, or 98.57 rubles per common share, for 2011, the bank said in a statement.
The bank said this decision was made in addition to the decisions to pay dividends for the first quarter of 2011 and for the first nine months of 2011, made on July 28 and December 26 last year.
The bank's net profit available for distribution amounted to 26.597 billion rubles for the year. The lender paid out 10.108 billion rubles in dividends for the first quarter of 2011 and 3.033 billion rubles for the nine months.
It set aside 1.33 billion rubles for its reserve fund, and retain earnings amounted to 7.126 billion rubles.
Shareholders also re-elected the former supervisory board, which includes Olga Dergunova, Mikhail Zadornov, Andrei Kostin, Herbert Moos, Yekaterina Peterlina and Andrei Puchkov.
LLC Ernst and Young has been confirmed as the lender's auditor.
VTB 24 was Russia's fifth largest bank by assets at the end of the first quarter of 2012, according to the Interfax-100 ranking of the country's lenders.