MOSCOW, March 4. /TASS/. The Russian Ministry of Finance anticipates that Sberbank’s dividends for 2024 will amount to no less than 50% of its net profit under IFRS, Deputy Finance Minister Vladimir Kolychev told reporters.
"A payout of at least 50%," he said, adding that "Sberbank maintains a strong capital adequacy position, fully complying with both regulatory requirements and targets set by the supervisory board," Kolychev said when asked about the Ministry’s dividend expectations for Sberbank.
According to the Deputy Minister, Russia’s economic and banking sectors remain in a positive state, though elevated credit risks persist. "Over the past few years, credit expansion has been accelerating at a heightened pace. Given the current high-interest rate environment, some companies may require financial rehabilitation, which, in turn, could impact the level of reserves within the banking system," Kolychev added.
For the second consecutive year, Sberbank has delivered record-breaking financial results. In 2024, the bank’s net profit under IFRS increased by 4.8%, reaching 1.58 trillion rubles ($17.67 bln), according to its financial statements. This figure surpassed the previous all-time high recorded in 2023, when net profit stood at 1.508 trillion rubles ($16.87 bln).
As per Sberbank’s dividend policy, the institution commits to distributing 50% of its net profit under IFRS to shareholders.