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Sber plans dividends at 50% of net profit in new three-year strategy — CEO

"Within three years we will ensure high return on equity, which should be above 22%," Herman Gref added

MOSCOW, December 6. /TASS/. Sberbank plans dividend payments at the level of 50% of net profit within its new three-year strategy, Chief Executive Officer Herman Gref said at an investor day.

Russia’s top lender paid record high dividends in the amount of 565 bln rubles ($7 bln) for 2022.

"Within three years we will ensure high return on equity, which should be above 22%. We are to ensure capital adequacy ratio (N20.0) above 13.3%. And we are to ensure a high level of dividends, at 50% of our net profit," he said.