Polish financial market watchdog to consolidate its approach to dividend policy for banks
Poland's financial market regulator KNF asssumes a stabilization of its approach to the dividend policy for commercial banks, as it does not plan any revision of its medium-term approach, KNF's deputy chairman Marcin Mikolajczyk told PAP Biznes.
"As a supervisor, we must respond adequately to the situation, taking into account the current environment and the situation of the sector itself. However, we assume that our approach will stabilize when it comes to the dividend policy of commercial banks. At the moment, we do not plan to revise the adopted medium-term approach," the Mikolajczyk said.
In 2018, the Polish Financial Supervision Authority (KNF) adopted assumptions regarding the dividend policy of commercial banks in the medium term.
In the KNF's position on dividend policy, published in December 2024, it allowed commercial banks to pay out up to 75 percent of the profit for 2024 and maintained the payout threshold of up to 50 percent. KNF also specified additional criteria for the dividend pay-out for banks with FX mortgages.
seb/ jz/
