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Reuters

Reuters

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Business & Economics

Russia's Sberbank says board recommends record dividend for 2024

Reuters
Summary
Nutrition label

82% Informative

Russia 's largest lender Sberbank recommended paying a record high 786.9 billion roubles ( $9.68 billion ) in dividends.

The state holds 50% plus one share in the lender, and the dividend will contribute to budget revenues at a time when oil prices are falling and economic growth is slowing.

Russian banks' profits increased last year due to accelerated lending.

VR Score

93

Informative language

98

Neutral language

91

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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