Ukraine's Citibank to pay UAH 1.269 bn dividends

Ukraine's Citibank to pay UAH 1.269 bn dividendsCitibank (Kyiv) has decided to send UAH 1.269 billion to pay dividends, the bank has said in a report.

This is reported by Interfax-Ukraine.

The decision was made by the bank's shareholders at a general meeting on April 19. Dividends will be paid within six months from the moment of the decision making. Dividends will be paid directly to shareholders.

Citibank was a leader among Ukrainian banks in the size of profit seen in 2016 – UAH 1.349 billion, being second after Raiffeisen Bank Aval.
The share capital of the bank as of January 1, 2017, was UAH 120 million.

As reported, the National Bank of Ukraine (NBU) within the framework of a further monetary liberalisation has allowed starting repatriation of dividends for 2016, limiting it to $5 million per month, from May 2017.

Citibank was founded in 1998. It is a subsidiary of U.S. Citibank NA. The largest shareholders of the financial institution on January 1, 2016, were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%).

The bank ranked 16th among 93 operating banks as of January 1, 2017, in terms of total assets worth UAH 19.459 billion, according to the NBU.
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