ST. PETERSBURG, Russia--(BUSINESS WIRE)--On 18 June 2015 the Annual General Shareholders' Meeting of Bank Saint Petersburg approved RUB 890 million dividend payout, that corresponds to 20% of 2014 net income under Russian Accounting Standards.
Dividend per ordinary share increased from RUB 0.11 for 2013 to RUB 2.02 for 2014.
The record date is fixed as July 3, 2015.
It is the first time when the Bank declares such high dividends on ordinary shares. The decision reflects the Bank's focus on the growth of long-term shareholder value and its investment attractiveness.
Bank Saint Petersburg is the largest privately-owned bank in North-West Russia. The Bank’s strategy remains primarily focused on the regional market of St. Petersburg. The Bank provides services to 1,460,000 individuals and 56,000 corporates through its 48 branches and offices in St. Petersburg, the Leningrad region, Moscow and Kaliningrad.
Bank Saint Petersburg is a full-service universal bank with a strong focus on retail segment and advanced e-banking technologies.
53.1% of the Bank is owned by a well-known Russian banker Alexander Savelyev and top management, 9.1% by East Capital (Swedish asset management company), 5.5% by European Bank for Reconstruction and Development and 32.3% is a free-float. Bank Saint Petersburg is listed on the Moscow Exchange.
As at April 1, 2015, the Bank's assets amounted to USD 8.9 billion (#16 Russian bank) and total capital amounted to USD 1.1 billion. Total capital adequacy ratio was 13.7% and Tier 1 capital adequacy ratio was 10.3%.
For more information about Bank Saint Petersburg please visit https://www.bspb.ru/en/investors/