Dividends

Procedure of dividend payment is set out in the Bank Charter (Section 8) and Dividend Policy. 

Ways of the Bank’s net profit distribution is substantiated in the recommendation concerning annual dividend amount and payment method, made by the Bank’s Board of Directors to the Bank’s general meeting, taking into consideration:
• RA legislation requirements regarding creation of the Bank’s general reserve
• Amount to be paid out in dividends 

The general meeting shall make a decision on dividend payment by the simple majority of votes of shareholders present at the meeting.

Prospectus

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