An annual general meeting held by Investbank shareholders on June 25, 2009 approved an annual report, accounting statements for 2008, including the P&L statement, the lending institution’s press service reported Monday. It was decided not to pay out dividends on common registered non-documentary shares.
The shareholders decided to distribute 2008 net profit (Rub 78.23 mln) as follows: to allocate Rub 11.73 mln to the development and consumption fund and direct the remainder to the accumulation fund. “For the purpose of promoting Investbank’s expansion, bumping up equity capital, broadening the lender’s presence in Russian territory and boosting volumes of operations the AGM decided not to declare or pay out 2008 dividends on common registered non-documentary shares," the bank said in a press release.
According to the data from news agency Banki.ru and Interfax-CEA, as of January 1, 2009 net assets held by Investbank were equal to Rub 23.1 bln (104th place in Russia). The lending institution is a member of the national deposit insurance system.
