April 11, 2014 / 2:35 PM / 4 years ago

UPDATE 1-Russia's Sberbank recommends 3.20 roubles/share dividend

(Adds 2012 level)

MOSCOW, April 11 (Reuters) - The board of Russia’s largest bank Sberbank has recommended a 2013 dividend payout of 3.20 roubles a share for its preferred and ordinary shares, its CEO German Gref said on Friday.

For 2012, Sberbank paid a dividend of 2.57 roubles a share for its ordinary shares and 3.20 roubles a share for its preferred shares. (Reporting by Oksana Kobzeva, writing by Megan Davies)

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