Sberbank sees equity edge down 1.3% in June
MOSCOW. July 22 (Interfax) - Sberbank saw its equity decline 1.3% in June to 1.34 trillion rubles as of July 1, the bank said in a press release.
The reduction in equity can be attributed to 11 billion rubles in dividend payments for 2008 in addition to a 6-billion ruble increase in investment in the charter capital of subsidiary Sberbank Capital LLC.
Equity grew 15.8% in the first half of 2009. The bank's capital adequacy ratio was 22.7% on July 1.