Profil:
Bank Pekao SABank Pekao assesses dividend capacity in line with strategy at 50-75 pct of profit
Listed lender Bank Pekao assessed that its capital position remains strong, the bank is prepared for an increase in its countercyclical buffer, and its dividend potential is in line with its strategy at 50-75 percent of net profit, the bank said in a market filing.
At the end of September, Pekao Group's total capital ratio was 16.9 percent and Tier1 was 15.6 percent, both of which were above regulatory minimums.
In April, Bank Pekao shareholders decided to pay a total dividend of PLN 5.04 billion (EUR 1.2 bln), which amounted to PLN 19.2 (EUR 4.4) per share. The bank paid a dividend of 50 percent of its 2023 net profit and 2019 undistributed profit.
seb/ nl/