UPDATE 1-Sberbank to slash dividend to support capital levels

April 17, 2015 4:31 PM

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MOSCOW, April 17 (Reuters) - Russia's top lender Sberbank plans to cut its dividend payouts to 3.5 percent of its 2014 net profit to bolster capital levels that were hurt by the rouble's devaluation, Chief Executive German Gref said on Friday.

The bank would pay out 0.45 rouble per share. It previously paid out dividends worth 20 percent of its 2013 net profit.

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