Sberbank's shareholders approve 2002 dividend payout

The general annual meeting of Sberbank (Russia's savings bank) shareholders has approved proposals of its Supervisory Board to make the 2002 dividend payout for common and preferred stocks at 218 percent and 232 percent of their face value respectively, Sberbank's press service reported. The meeting has also approved the bank's 2002 annual report, including the balance sheet as of January 1, 2003, and the profit-and-loss report.

PricewaterhouseCoopers Audit has been appointed the bank's auditor for the 2003 financial year.

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