Russian bank paid USD 57.3 mln. dividends to SOFAZ so far

Russian bank paid USD 57.3 mln. dividends to SOFAZ so far
  • Clock-gray 09:59
  • calendar-gray 24 February 2020

State Oil Fund of Azerbaijan Republic (SOFAZ) has been paid dividend of 3.17 bln. rubles (USD 57,3 mln.) by Russia’s VTB Bank so far, the Fund told APA-Economics.

“As you know, SOFAZ has simple stock share of 2.95% in VTB Bank. Dividend payments have annually been conducted by bank, since SOFAZ obtained share in the bank in 2013. The Fund received dividend of 377,6 mln. rubles (USD 6 mln.) by the bank in 2019. Thus, total dividend paid to the SOFAZ made up 3.17 bln. rubles (USD 57,3 mln.) since the first date of investment in VTB Bank (2013), including 2019.

Narmin Rahimova

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