INTERFAX. The Board of Directors at Krayinvestbank recommended that the May 30 AGM approve 2007 dividend payouts of Rub 3.62 per common share with Rub 1,000 par value each. As the lending institution’s press service reported, the recommendation is to allocate Rub 6,742,700 or 40.01% of the bank’s 2007 net profit to dividends. The bank did not pay any dividends for 2006 and spent net profit earned on corporate development.
The AGM agenda also includes the approval of the annual report, annual accounting records and the distribution of 2007 profit. Furthermore, the lender’s shareholders plan to appoint an auditor to check the lending institution’s 2008 IFRS books, elect a new board, an audit committee and review the issue of making amendments to the bank’s charter. The shareholder register was closed as of April 28.
Krayinvestbank’s charter capital stood at Rub 693.13 mln as of January 1, 2008 and is divided in common shares with Rub 1,000 par value each. The Krasnodar region represented by the property relations department owns a 91.71% stake in Krayinvestbank. In 2007, Krayinvestbank ranked 158th in terms of assets in the Interfax-100 ranking, prepared by Interfax-CEA.
