RUSSIA: Russian National Reinsurance Company paid dividends for first time

4 July 2018 — Marina MAGNAVAL
The sole shareholder of RNRC (Russian National Reinsurance Company) - Bank of Russia approved the annual report for 2017 and made a decision on net profit distribution, as informed on the website of RNRC.

Dividend total payment by shares amounted to RUB 23.4 million* (RUB 0.11 per share). The decision of the sole shareholder also approved the new composition of the RNRC's Supervisory Board which also included Igor ZHUK (ex-director of the Insurance Department at the Bank of Russia). Deputy Chairman of the Central Bank of Russia Vladimir CHISTYUKHIN left the Supervisory Board.

RNRC was established in 2016. The sole shareholder is the Bank of Russia. Charter capital - RUB 21.3 billion. RNRC is the leader of the Russian market of inwards reinsurance based on 2017 result with a share of 22%.

*EUR 1 = RUB 68.8668 (30.12.2017)

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