Dividends

VTB management will recommend a dividend of 10% of net profit for 2019, or ₽20.12 bln. The distribution will be carried out for all types of shares according to the principle of equal yield at the level of 1.9% per annum: for ordinary shares - ₽10 bln, preference shares of the first type - ₽6 bln, preference shares of the second type - ₽4 bln. The allocation of only 10% of profit to dividends is due to the need to comply with the capital adequacy ratio, which at the end of Q2 was 11.8%, while the minimum required 11.5%. At the same time, VTB plans to pay special dividends to type 1 prefers in the amount of ₽6.3 bln for the transfer of capital to Promsvyazbank.