Profil:
Bank Pekao SAPekao lender meets requirements to pay dividend of up to 75 pct of 2024 profit
Listed lender Pekao has received an individual recommendation from Poland's financial watchdog KNF confirming that the bank meets the requirements to pay dividends of up to 75 percent of its 2024 profit, the bank said in a market filing.
It also indicated that the maximum amount of the payout cannot exceed the amount of the annual profit net of profit earned in 2024 which has already been recognised as own funds.
The bank includes part of the net profit for the first half of 2024 in the amount of PLN 746,600,473 (EUR 178 mln) as own funds. In addition, the bank has applied to the KNF for the amount of PLN 859,731,820 (EUR 205 mln) for the second half of 2024 to be counted as common equity Tier 1 capital.
mcb/ han/