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DGAP-UK-Regulatory News vom 20.04.2017

Sberbank: Sberbank's Supervisory Board holds meeting

Sberbank / Result of Meeting

20-Apr-2017 / 17:08 CET/CEST
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Sberbank's Supervisory Board holds meeting
 
April 20, 2017, Moscow - Sberbank announces the results of its Supervisory Board meeting.
 
The Supervisory Board preliminary approved the annual statements and annual (financial) accounting of Sberbank for 2016 and put them forward for approval of the Annual General Meeting of the Bank's Shareholders (AGM).
 
The Supervisory Board decided to recommend that the AGM should allocate 25% of the Bank's 2016 IFRS net profit as dividends. The size of the dividends has been set at 6.00 roubles per one common stock and 6.00 roubles per one preferred stock.   
 
Making a decision on recommendations to the General Meeting of Shareholders to pay dividends on the Bank's performance in 2016, the Supervisory Board is guided by the principles of ensuring long-term stable development of the Bank in compliance with the terms of the Bank's Strategy and Dividend Policy, prudent risk management in order to mitigate the possible adverse development of the situation in the markets where the Bank operates.
 
The Supervisory Board suggested that the date of determining the persons entitled to receive dividends should be June 14, 2017.
 
The Supervisory Board recommended for the AGM to appoint PricewaterhouseCoopers Audit JSC as Sberbank's audit company for 2017 and the first quarter of 2018.
 
In addition, the Supervisory Board approved the format and text of the ballots for voting at Sberbank's AGM that will review 2016 and determined the list of information (materials) to be provided to individuals who have the right to participate in Sberbank's AGM.
 
# # #
Sberbank
Alexander Baziyan
Press Office
Tel. +7 (495) 957 5721
media@sberbank.ru
 
Sberbank is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 22 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
 
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.


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