PRIME-TASS. An extraordinary shareholders meeting at Transcreditbank, which is under control of VTB Group, which was appointed for May 24 will review the issue of paying out Rub 1.65 bln in dividends for January — March 2013 and dividends using retained earnings for the period till 2011 (Rub 7.3 bln), the lending institution said in a press release.
The business plan of Transcreditbank, which will cease to exist de jure this November, stipulates the gradual payout of dividends using shareholders’ retained profit for the period till 2011.
The lender’s March 25 shareholders meeting decided to pay out dividends of Rub 12.8 bln, and on April 26 the bank’s shareholders will consider the option to earmark additional Rub 5 bln for dividend payouts.
In 2012 Transcreditbank’s shareholders were paid Rub 3.5 bln of interim dividends on common shares for January — September 2012. The bank’s shareholders decided not to pay out dividends on prefs.
VTB Bank holds 99.6% of the bank’s shares, a 0.0726% interest is held by VTB 24 and a 0.3274% stake is in the hands of businesses and households.
Transcreditbank bumped up its FY12 RAS net profit by 28.3% y-
