Russian Standard Bank to pay interim dividends of 1.8 bln rubles
MOSCOW. Sept 28 (Interfax) - Shareholders of Russian Standard Bank voted at an extraordinary general meeting on Tuesday to pay interim dividends of 1.801 billion rubles for the first half of 2011, the lender said in a statement.
It was reported earlier that Russian Standard Bank increased RAS net profit to 3.14 billion rubles in the first half from 1.989 billion rubles in the same period a year earlier. The bank will therefore pay out 57% of first-half net profit in interim dividends.
Russian Standard Bank first decided to pay interim dividends in 2010, when it paid out 1.44 billion rubles for the first half and 1.6 billion rubles for the second half. The bank closed 2010 with a net profit of 3.856 billion rubles to Russian Accounting Standards.
The bank did not pay dividends in 2009 as net profit plummeted from the previous year.
Russian Standard Bank was ranked 29th by assets on the Interfax-100 ranking of Russia's biggest banks. The bank is controlled by founder Rustam Tariko.
