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Sber may return to paying dividends for 2022 — Gref

Last year, the annual meeting of the bank's shareholders decided not to pay dividends for 2021

MOSCOW, March 9. /TASS/. Sber may return to considering paying dividends for 2022, CEO Herman Gref was quoted in the bank’s financial report.

"Our business model yet again passed the endurance test. As a result, we finished the year with net earnings of RUB270.5 bn. Total shareholder equity reached RUB5.8 trn, while CET1 capital ratio increased to 14.8%. Our earnings generation capacity allows us to revert to the topic of dividends for 2022," he said.

Last year, the annual meeting of the bank's shareholders decided not to pay dividends for 2021.

According to the latest financial report from the bank, net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles ($3.56 bln). The net profit of Sber for 2021 under IFRS was 1.246 trillion rubles ($16.41 bln). Total shareholder equity in 2022 reached 5.8 trillion rubles ($76.58 bln) while CET1 capital ratio increased to 14.8%.

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