Business news from Ukraine

AMERICAN-BASED CITIBANK-UKRAINE PLANS TO PAY UAH 970 MLN – TO SHAREHOLDERS

13 August , 2018  

Citibank (Kyiv) has decided to pay UAH 972.582 million in dividends to its shareholders, the bank said in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the shareholders of the bank made the decision at a general meeting on August 8, 2018. The register of shareholders is to be composed on August 27. The financial institution in 2017 paid UAH 1.269 billion in dividends. Citibank was founded in 1998. It is a subsidiary of the American-based Citibank NA. The largest shareholders of the financial institution on January 1, 2018 were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%). Citibank in January-June 2018 received a net profit of UAH 627.989 million, which is 4.9% more than for the same period in 2017 (UAH 598.313 million). Citibank ranked 14th among 84 banks in terms of total assets on June 1, 2018 (UAH 20.593 billion), according to the National Bank of Ukraine.

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