PRIME-TASS. Bank Devon-Credit, based in Almetievsk (Tatarstan), paid out as interim dividends for 2008 a total of Rub 125.1 mln and left Rub 598.69 mln (82.7% of 2008 net profit) retained in line with the bank’s AGM decision, the lender reported Friday.
Last year the lending institution earned Rub 723.79 mln net profit.
Bank Devon-Credit paid out 9M08 interim dividends of Rub 6.95 per share with Rub 50.00 par value by December 29, with Rub 125.1 mln allocated to these purposes. The lender’s 2007 net profit came to Rub 511.94 mln and Rub 296.84 mln of net profit was not distributed.
The lending institution’s shareholders approved an annual report, according to which assets grew from Rub 18.45 bln to Rub 22 bln, net loans due increased from Rub 14.28 bln to Rub 16.31 bln, raised funds jumped from Rub 15.96 bln to Rub 19 bln, while private deposits declined from Rub 8.02 bln to Rub 7.76 bln and
The lender’s shareholders elected a new 11-member board of directors, including Iskander Garifullin, Nafis Gummarov, Anastasia Zubkova, Damir Mukhametshin, Nafis Mukhametshin, Vladimir Padanin, Alexey Sokolov, Vladimir Lavushchenko, Shafagat Takhautdinov, Evgeny Tekhturov and Kirill Shpigun. Andrey Sokolov was reelected as board chairman.
Energy Consulting was appointed to audit the bank’s RAS books and Deloitte & Touche is to verify IFRS financials.
Bank Devon-Credit shareholders also gave the green light to the transactions that the bank could sign with Moscow-based Bank Zenit in the future in the course of operations on market terms for no more than Rub 2 bln each.
Bank Devon-Credit has 14 branches located in the Republic of Tatarstan and outside it. The bank was established in 1992 by oil producer Tatneft. The lending institution’s charter capital equals Rub 900 mln and 97.326% of its securities are presently owned by Bank Zenit.
