2 Aug 2011 13:54

VTB pays 6.066 bln rubles in dividends for 2010

MOSCOW. Aug 2 (Interfax) - VTB Bank paid 6.066 billion rubles in dividends for its 2010 results, the bank said in a statement.

The bank did not pay 1.1 million rubles in dividends because of incorrect shareholder information and their failure to appear for a cash payout.

VTB decided to earmark 14% of its net profit according to Russian account standards (RAS) for 2010 and 11% of net profit by International Financial Reporting Standards (IFRS) (6.067 billion rubles). The payment rate per share came to 0.058 kopecks.

The bank's total dividend payout for 2009 came to the same level (6.067 billion rubles) or 0.058 kopecks per common share.