Russian government says no dividend for Sberbank on 2021 results

1 minute read

The logo is on display in an office of Sberbank in Saint Petersburg, Russia April 19, 2022. REUTERS/REUTERS PHOTOGRAPHER

Register now for FREE unlimited access to

May 20 (Reuters) - The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank (SBER.MM), the country's largest lender, according to a government order published on Friday.

It said the measures are aimed at providing stable lending to corporate clients and financial organisations.

Register now for FREE unlimited access to
Reporting by Reuters; Editing by Mark Porter

Our Standards: The Thomson Reuters Trust Principles.