Russia's budget revenues from dividends of largest state-controlled bank Sberbank (Sber) in 2025 are planned at RUB375bn ($4bn), RBC business portal reports citing the explanatory note to the draft federal budget and its annexes show.
The state, represented by the National Welfare Fund, owns 50% plus one share in Sberbank. Thus, the total amount of dividends that can be paid by the bank in 2025 could amount to RUB750bn, or 50% of the IFRS net profit of RUB1.5 trillion according to the bank’s dividend policy.
To remind, Sber, under full blocking sanctions, did not pay the RUB623bn dividend for 2021 amid the fallout from Russia’s full-scale military invasion of Ukraine.
But the bank surprised with the record-breaking total dividend payout of RUB565bn ($7.3bn) in 2022, making more than double the RUB271bn net profit the bank earned last year. The largest recipient of the dividend, at RUB282.5bn, was the state (50% plus one share in Sberbank).
Sber then paid another record-high RUB752bn ($8.5bn) dividend for 2023, or RUB33.3 per ordinary and one preferred share (10.6% yield for both).
Related Articles
Russian bomber crashes in Mali amid escalating conflict
A Russian-built Su-24M bomber operated by the Africa Corps crashed into the Niger River near Gao, Mali, shortly after an armed confrontation with separatist forces, representing a significant setback ... more
Russia to deepen ties with Africa in defence and investment, says Putin's spokesman
Russia intends to expand its cooperation with African countries significantly, placing particular emphasis on economic investment and security collaboration, Presidential Press Secretary Dmitry ... more
Putin to visit Tehran soon as Russia plans $8bn Iran investment
Russian President Vladimir Putin will visit Tehran soon as Moscow commits to $8bn investment in Iranian gas projects, Iran's ambassador to Russia said. Kazem Jalali told Iranian and ... more