The first foreign bank to Russian Federation refused payments dividends

Russian "daughter" of OTP Group decided not to pay remuneration to shareholders. The translation of money to parent structure to Hungary is technically complicated, besides most means can be necessary for bank for a covering of possible losses of OTP Bank, controlled by the Hungarian OTP Group, refused payments dividends for last year, follows from the message on a site of disclosure of corporate information. On April 4 at meeting of shareholders the decision not to share net profit for 2021 of 2,8 billion rubles the Representative of JOINT-STOCK COMPANY "OTP BANK" was made explained daily business newspaper "RBK daily" that it was made according to the recommendation of Central bank Russian Federation (Bank Russia). February 21...