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$400m worth of dividends repatriated from Ukraine - National Bank official

$400m worth of dividends repatriated from Ukraine - National Bank officialSome $400 million worth of dividends had been repatriated from Ukraine, Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy has said.

"In general, companies repatriated around $400 million worth of dividends since the middle of June. This more or less meets our forecasts," he said at a press conference in Kyiv on Tuesday.

As reported, the NBU with the purpose of improving investment climate early June permitted repatriation of dividends accrued to foreign investors for 2014-2015.

The central bank set the upper limit for dividends that could be returned abroad: it cannot exceed the larger of the two indicators - $1 million (in equivalent) or 10% of the total volume of dividends during one calendar month.

If 10% of dividends exceed $5 million, the largest sum for repatriation of dividends in a month cannot exceed $5 million.
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