Transcreditbank (99.6% of which is owned by Transcreditbank) could pay out to the parent bank dividends out of retained earnings for the period until 2011, Prime-TASS reported quoting Transcreditbank’s data.
It was announced that starting July 1, 2013 corporate activities of Russian Railways’s backbone bank will be the domain of VTB Bank, while retail operations will go to VTB 24 effective November 2013 (at that time Transcreditbank and VTB Bank’s retail subsidiary will be taken under one roof).
No income was paid on Transcreditbank’s common shares for 2010 and 2011, while holders of the bank’s preferred shares were paid Rub 400 per share. Transcreditbank’s FY09 dividend payouts totaled Rub 478 mln.
Transcreditbank paid out Rub 3.51 bln to the common shareholders for January — September 2012. Income equaled Rub 1.34 per share. Preferred shareholders were paid no dividends.
Transcreditbank’s FY12 RAS net profit amounted to Rub 15.4 bln, or nearly up 30% y-o-y.
