Fifth of the profits will go to VTB dividends

Dividends state bank VTB would amount to 10-20 per cent of net profit of IFRS (International Financial Reporting Standards). , Told the press on Monday, April 11, Deputy Finance Minister Alexei Savatyugin. According to the official, recently were approved by the approaches to the dividend policy of the bank, under which dividends will be sent to up to 20 per cent of net profit of the group. On Monday, as it became known that MDM Bank (part of the thirty largest banks of Russia), recommended not to pay dividends to its shareholders for the year 2010 on the common and preferred shares of all types. In 2009, dividend payments by this bank is also not yet been made.