MOSCOW, June 26 (RIA Novosti) - Rosselkhozbank, Russia's state-run agricultural bank, said Monday it would spend 10.1% of its net profit on paying out dividends for 2005.
Rosselkhozbank, which is a specialized commercial bank mainly serving Russian agricultural companies and individual entrepreneurs, said it would pay 3,750 rubles (about $138) per share with a face value of 1 million rubles (about $36,900) in line with a decision made by its annual shareholders' meeting Monday.
Rosselkhozbank, which also acts as a government agent in state and international support programs for the country's agriculture sector, channeled 10.6% of its net profit into dividend payment in 2004.
The bank is on a list of the country's top thirty banks published by the Central Bank. It had IFRS total assets of 57.04 billion rubles (about $2.1 billion) on January 1, 2006.
