Russia's budget revenues from dividends of largest state-controlled bank Sberbank (Sber) in 2025 are planned at RUB375bn ($4bn), RBC business portal reports citing the explanatory note to the draft federal budget and its annexes show.
The state, represented by the National Welfare Fund, owns 50% plus one share in Sberbank. Thus, the total amount of dividends that can be paid by the bank in 2025 could amount to RUB750bn, or 50% of the IFRS net profit of RUB1.5 trillion according to the bank’s dividend policy.
To remind, Sber, under full blocking sanctions, did not pay the RUB623bn dividend for 2021 amid the fallout from Russia’s full-scale military invasion of Ukraine.
But the bank surprised with the record-breaking total dividend payout of RUB565bn ($7.3bn) in 2022, making more than double the RUB271bn net profit the bank earned last year. The largest recipient of the dividend, at RUB282.5bn, was the state (50% plus one share in Sberbank).
Sber then paid another record-high RUB752bn ($8.5bn) dividend for 2023, or RUB33.3 per ordinary and one preferred share (10.6% yield for both).
Related Articles
Drones strike Russia’s largest oil port of Primorsk
More than 30 Ukrainian drones targeted Russia’s biggest oil terminal of Primorsk overnight on September 11–12, The Moscow Times reported on September 12. A pumping station caught fire as a ... more
Russian drones targeted Rzeszów airport hub, media claim
Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more
Second Russian LNG tanker arrives in Chinese port defying sanctions
A second vessel transporting LNG from Russia’s sanctioned Arctic LNG 2 terminal has docked at a Chinese port, Reuters reported on September 6 citing ship tracking data from the London Stock ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
20 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago