Savings will increase dividends to 25% of net profit

Over the next few years, Sberbank plans to increase dividends to shareholders of 20-25% net profit. In an interview with The Wall Street Journal said the bank's president, German Gref. Traditionally, payments to shareholders of the Savings Bank accounted for 10% of net profits, but earlier in 2010 the Supervisory Board recommended payment of 12%. The fact that the Savings Bank plans to raise the dividend became known in March 2011, but the bank's management did not announced the parameters increase. In an interview with the publication of German Gref confirmed the forecast for net profit in 2011 - 230-250 billion rubles. Recall that in the first quarter 2011 profit of the bank amounted to 83.9 billion rubles, that is, for the three months to Sberbank managed to earn almost half of all net profit for the year 2010, which then amounted to 174 billion rubles. Analysts believe that the forecast Savings up to 2011 is quite real.