The situation in the Russian economy and Ukraine are unlikely to allow Sberbank to pay generous dividends according to the results 2014, says chief financial officer of the largest Russian Bank Alexander Morozov.

" The decision on the payment of dividends will be made at the last moment. It will be depending on developments in Ukraine and the situation in the Russian economy. I would definitely didn't expect generous dividends. We need to protect the position of capital of the Bank and take into account the volatility and uncertainty in the market, " said frost during conference calls with analysts.

He did not want to comment further, adding that Sberbank in March - early April will determine the position of the dividend and then present it for discussion in the Board of Directors.

the total dividend payment of Sberbank on the results of 2013 amounted to 72 billion, an increase of 23% in comparison with 2012 (58, 7 billion). Adopted 3 years ago, the dividend policy of the largest Russian Bank provided for a gradual increase in dividends to 20% of the income according to IFRS for the year 2013.

the largest shareholder of Sberbank of the RF Central Bank, which owns 50% plus one share, received 36 billion. Sberbank in 2013, increased its net profit under IFRS 4, 1% to 362 billion.

sections: Politics