Dividends and Dividend Policy

The dividend policy of Vozrozhdenie Bank is set out in the Regulations on Dividend Policy, and is aimed at maintaining a balance between dividend distribution and bank capitalisation improvement through reinvestment in development.

In line with the bank’s dividend policy, dividends paid on ordinary and preference shares may not exceed 10% of the net profit for full financial year under RAS. Under the Articles of Association, the size of dividend on preference non-documentary registered shares is limited to 20% of the face value of shares. All dividends are paid in cash.

According to a resolution adopted by the General Shareholders Meeting of Vozrozhdenie Bank on June 27, 2014, the 2013 dividend on ordinary shares was 5% of the face value (0.5 RUB per share) and the dividend on preference shares was 20% of the face value (2.0 RUB per share). The total amount of dividend payable was 14.5 RUB million.



  2013 2012 2011
Dividend on ordinary shares, RUB per share 0.5 0.5 0.5
Total amount of dividend payable on ordinary shares, RUB million 11.87 11.87 11.87
Dividend on preference shares, RUB per share 2.0 2.0 2.0
Total amount of dividend payable on preference shares, RUB million 2.59 2.59 2.59
Total amount of dividend payable, RUB thousand 14,463 14,463 14,463
Dividend payable to net profit ratio (IFRS) 1.2% 0.97% 0.62%
Total amount of dividends paid, RUB thousand * 14,002 13,947 13,734

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