How is the amount of dividends receivable by VTB Bank shareholders calculated?
The amount of dividends receivable by shareholders is calculated by multiplying the number of shares owned by dividend amount per share, less dividend tax. The tax base of resident shareholders (corporates and individuals) is reduced by the dividend profit gained by the Bank over the reporting period (pro rata to the shareholder’s share in registered capital). The Bank as a fiscal agent calculates and deducts tax from dividend receivable by a shareholder according to the applicable Russian legislation.
