Sberbank shareholders approve dividends for 2002

Sberbank, the state-owned Russian savings bank, yesterday held its annual general meeting. At the meeting, shareholders approved proposals to pay dividends for 2002 on ordinary and privileged shares of 218% and 232% of their respective values. The bank's press office told Rosbalt that shareholders also approved its annual report, accounts and profit and loss report for 2002. The bank's accounts were audited according to Russian standards by PriceWaterhouseCoopers.

Shareholders also approved changes and additions to Sberbank's charter, new rules on holding the annual general meeting and new rules for the bank's audit commission.

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