"Heavyweight banker Andrei Kostin has waded into the debate about the Kremlin-led pressure on Russian companies to boost dividends.
Speaking on Wednesday at a St Peterburg banking conference, the chief executive of state-controlled VTB suggested banks should be allowed to pay some of their dividends in shares.
Given his elevated status and political contacts, Kostin would not have gone public if he thought his proposal would be shot down. So expect some tough talk: the Kremlin wants bigger payouts from state-run groups but the banks want to keep their cash."
'via Blog this'
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