Russian bank giving shareholders a large part of the net profit

This article (translated from Dutch) talks about a Russian bank stock that gives shareholders a large part of the net profit, thanks to a back door in the Russian law from 2016. This is also available for all non-Russian foreigners.

This seems like something that could be traced down, from the figures given. Is there someone who is ready to do research what stock this could be?

This is a list of Russian banks:

Maybe this?

In 2020, SberBank has adopted the dividend policy for the next 3 years. The dividend payout ratio is set at 50% of the Group's net profit under IFRS adjusted for interest payments less the tax effect on equity instruments other than shares accounted for in equity, provided that certain mandatory conditions are met.


Leave a Reply

Your email address will not be published. Required fields are marked *