The dividends are the part of the profit allocated for the shareholder which is proportional to the nominal price of the shares belonging to him by the ownership right. The dividends are disbursed once a year. The persons entitled to receive the dividends are those who were the owners of the shares at the end of the day of the general shareholders' meeting which announced the dividends. The bank must begin paying the dividends not later than after 1 month since the day of adopting the decision of the general shareholders' meeting to distribute the profit. The dividends for the owners of ordinary shares can be announced only after publicizing the dividends of the owners of preferred shares. The owners of the preferred shares are entitled to 10 per cent non-cumulative dividends; calculation is made from the nominal price of the share. The general shareholders' meeting can assign for the dividends less than 10 per cent amount.