The Warsaw Voice » Business » News - August 30, 2013
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Early dividend possibilities for Bank PKO BP doubtful: CEO
Listed bank PKO BP is rather skeptical about advance dividend possibilities considering the KNF financial regulator's recommendation and the recent takeover of Nordea, CEO Zbigniew Jagiello told reporters Thursday.

"Our dividend policy has not changed, it is tied to the KNF financial regulator's recommendation on maintaining capital ratios," Jagiello said.

"Since we signed the Nordea assets' acquisition agreement, our dividend possibilities are limited. We are waiting for the closing of the year."

Poland wants to collect PLN 6.92bn in dividend receipts in 2013 under the amended 2013 budget bill, up from PLN 5.86bn planned initially, according to the 2013 draft budget amendment.

Poland also signaled it would take advance dividends from Treasury-supervised companies this year.

Listed insurer PZU announced its intention to pay an advance dividend as recently as August 26. A Treasury Ministry official suggested that potential further payments could be expected from non-listed companies.