JSC VTB Bank: VTB Management Board forgoes 2019 bonus payment in April

JSC VTB Bank (VTBR) 
VTB Management Board forgoes 2019 bonus payment in April 
 
22-Apr-2020 / 17:07 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
VTB Management Board forgoes 2019 bonus payment in April 
 
VTB Bank Management Board decided to suspend paying out its bonuses for 2019 
in April 2020. Uncertainties in the assessment of ramifications of COVID-19 
pandemic on the economy and the banking industry make the payment of bonuses 
to the Management Board inexpedient at this time. 
 
The Management Board recommended that the Supervisory Council addresses the 
bonus issue for 2019 later in the year, but no earlier than September 2020, 
after considering the dividend payment for 2019 when VTB Group's net profit 
amounted to RUB 201.2 bn. 
 
ISIN:          US46630Q2XXX 
Category Code: MSCM 
TIDM:          VTBR 
LEI Code:      253400V1H6ART1U 
Sequence No.:  59864 
EQS News ID:   1027699 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

April 22, 2020 11:07 ET (15:07 GMT)