Stock Market News
Russian government says no dividend for Sberbank on 2021 results
2022.05.20 22:16
FILE PHOTO: The logo is on display in an office of Sberbank in Saint Petersburg, Russia April 19, 2022. REUTERS/REUTERS PHOTOGRAPHER
(Reuters) – The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank, 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.
