Profil:
Bank Pekao SAPZU insurer sees no danger to dividend payout from Pekao lender
If the planned transaction for listed lender Pekao to acquire shares of listed lender Alior Bank owned by PZU proceeds, it will not result in changes to the level of dividends paid from Pekao, the CEO of listed insurance group PZU Artur Olech told a conference call. PZU sees no risk to the dividend payout from Pekao.
"We are carefully planning the transaction so that the level of the dividend paid from Pekao does not change. We see a lot of synergy opportunities and do not see a special threat to the dividend payment from Pekao," PZU's CEO said.
Bank Pekao said in a market filing on Monday that it maintains its intention to allocate 50-75 percent of its 2024 profit to dividends, in line with the bank's strategy, and does not rule out raising capital through an issue of capital bonds (AT1, Tier 2).
PZU has entered into a letter of intent with Pekao to reorganise banking assets within the group. One scenario under consideration is that the reorganisation would involve Pekao acquiring PZU's shares in Alior Bank.
doa/ nl/ ao/