VTB shareholders approved dividends of 10% of net profit, Deputy Prime Minister Grigorenko joined the State Bank's Supervisory Board

VTB shareholders approved dividends of 10% of net profit, Deputy Prime Minister Grigorenko joined the State Bank's Supervisory Board

VTB shareholders approved dividends of 10% of net profit, Deputy Prime Minister Grigorenko joined the State Bank's Supervisory Board

MOSCOW (Reuters) – Shareholders of VTB (MCX: VTBR) have approved the payment of dividends in the amount of 10% of the bank's net profit for 2019 under IFRS, the state bank said in a statement.

The shareholders also approved changes in the composition of the Supervisory Board. Among the new members of the supervisory board: Deputy Prime Minister Dmitry Grigorenko and his first deputy Valery Sidorenko, Minister of Economic Development Maxim Reshetnikov and Deputy Minister of Finance Alexei Moiseev.

Newcomers also include Israfil Mammadov, the new head of Azerbaijan's sovereign wealth fund.

Remaining on the board are: Nord Stream 2 Executive Director Matthias Warnig, Vinci Vice President Yves Thibault de Silguy, VTB Shareholder Advisory Board member Igor Repin, VTB President Andrey Kostin and CEO of Otkritie FC Bank Mikhail Zadornov, and CEO of Trust Bank Alexander Sokolov.

(Tatiana Voronova. Editor Dmitry Antonov)

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