GENERICO.ruEconomicsVTB decided not to pay dividends for 2022

VTB decided not to pay dividends for 2022

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MOSCOW, July 3 VTB shareholders approved the decision not to pay dividends for last year, according to the bank's materials.
“Due to the lack of net profit for VTB Bank (PJSC) based on the results of 2022, the decision on the distribution of profits of VTB Bank (PJSC) based on the results of 2022 is not to accept, declare or pay dividends on ordinary registered shares of VTB Bank (PJSC), preferred registered shares of VTB Bank (PJSC) of the first type and preferred registered shares of VTB Bank (PJSC) of the second type based on the results of 2022.
VTB CEO Andrey Kostin noted that the challenges of the past year did not stop VTB's active development: the bank continued to build up its client base and introduce new products and services. “The decisions made are yielding positive results – the bank is demonstrating solid profitability. I hope that the bank's position will continue to strengthen,” he said.

789 thousand people.

For 2022, VTB Group received a loss under IFRS of 613 billion rubles, and at the end of May, the Supervisory Board recommended not to pay dividends for the year. In early April, VTB Deputy Chairman Dmitry Pyanov said that VTB management would recommend not paying dividends for 2023 for all types of shares.
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