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Russian government says no dividend for Sberbank on 2021 results – Metro US

Russian government says no dividend for Sberbank on 2021 results

The logo is on display in an office of Sberbank
The logo is on display in an office of Sberbank in Saint Petersburg

(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.

(Reporting by Reuters; Editing by Mark Porter)

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