Finance
Russia's VTB board recommends first dividend since start of Ukraine war
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
VTB announces its first dividend since the Ukraine war, recommending 50% of 2024's profit, boosting shares by 25%.
MOSCOW (Reuters) - Russia's second largest bank, VTB, announced its first dividend payment since the start of the war in Ukraine on Monday.
Shares in the bank rose 25%, according to Moscow Stock Exchange data, after VTB unexpectedly said its board had recommended paying out 50% of 2024's profit to shareholders. CEO Andrei Kostin said this was thanks to the fact that the bank had exceeded its targets for the past year.
"This will ensure a record dividend yield, contribute to the long-term sustainable growth of VTB's shareholder value, and increase investor confidence in both VTB's shares and the domestic stock market as a whole," Kostin said.
The bank had previously planned to resume regular dividend payouts in 2026.
VTB made a record profit of 551.4 billion roubles ($6.70 billion) in 2024, a 27.6% increase on the previous year, although a fall to around 430 billion roubles is expected this year.
($1 = 82.3500 roubles)
(Reporting by Gleb Bryanski; Editing by Mark Trevelyan)
The main topic is VTB's announcement of its first dividend since the start of the Ukraine war.
VTB exceeded its targets for the past year, leading to the decision to pay dividends.
Shares in VTB rose 25% following the dividend announcement.
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