Sovcombank plans to allocate 25% of profit for dividends for 2024

Sovcombank's management plans to recommend shareholders to allocate about 25% of net profit to dividends for 2024, the bank's managing director Andrei Osnos said on a conference call on Friday. Top manager emphasized that the current situation remains quite volatile, but the preliminary plan assumes preservation of last year's dividend policy. Bank's profit for 2024 amounted to ₽77 billion, down 19% year-on-year.