The Ministry of economic development and trade (MEDT) proposes to require enterprises with state share to pay dividends 50% of net profit for 2017 that meets the standard established for the distribution of profits for the year 2016. This is stated in the draft government resolution posted on the official website of MERT.

The exception proposed for the savings Bank and the company Ukrhydroenergo. They will have to pay to the state budget dividends in the amount of 30% of net profit for 2017 – the minimum size allowed under the law on management of objects of state property.

The need for a 30% ratio of dividends to the savings Bank connected with what precisely this maximum level of the rate of dividend provided its contracts to attract $1.5 bn on foreign capital markets, explains the Cabinet.

Ministries and departments were asked to make exceptions and to set the standard of 30% or lower for 16 companies.

At the beginning of October when included in the state budget-plan 2017 13.4 billion UAH 101 enterprises with the state share paid 15,25 billion UAH of dividends.

Oschadbank will transfer to the budget of a third of its profit 23.11.2017

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