Banks The article was published in No. 4371 dated July 26, 2017 under the title: Profitable place

VTB created Eldorado in Cyprus

Russian Commercial Bank is a win-win investment for state bank partners July 26 00:18

Anna Eremina
/ Vedomosti

Cyprus VTB Bank is an excellent investment for partners of the state bank Petros Karadjias / AP

The Cyprus Russian Commercial Bank (RCB) paid 210 million euros in dividends in 2016, according to its reports. This bank is distinguished by high payouts to shareholders, comparable to its profits (see chart). They allowed VTB managers to quickly recoup their investments in the bank: at the beginning of 2009, they bought out an additional issue of RCB at $11.71 per share, and in the fall of the same year, RCB announced interim dividends - $15.6 per share, more than their placement price.

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