Coverage of high-potential mid-market firms in Poland

Article

ING BSK bank to offer no dividend payment from 2016 profits based on KNF recommendation

TAG'S:

Bank ING BSK will offer no dividend payment from 2016 profits as the bank received an individual recommendation of a capital increase through retaining all the 2016 profits.

The bank received "a letter from the Polish Financial Supervision Authority regarding the individual recommendation to increase own funds by retaining the entire profit earned by ING Bank Śląski S.A. between 1 January 2016 and 31 December 2016," the bank said.

 

"Consequently, the Bank Management Board hereby give notice that they intend to recommend that the General Meeting pass a resolution on the allocation of the entire 2016 net profit for the own funds of the Bank," it said.

 

ING BSK bank last said it would base its dividend policy on 13.75% Tier1 minimum capital requirement as raised by the financial market regulator KNF from the previous level of 13.25%.

2017-03-10



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Krzystof Skora, chairman of KGHM Copper will play a critical role in guiding the company towards achieving its ambitious target of PLN 7bn EBITDA in 2021.

2017-06-23

WSE Indices


NameValueChangeTime
WIG20 2308,16 -
WIG 60982,19 -0,01 % 17:15
sWIG80 15982,99 -0,04 % 17:15
NCIndex 322,34 -0,18 % 17:15
2017-06-23

WSE Companies


Top 5 Gainers

NameValueChange
CALATRAVA CAPITAL0,69+40,82 %
ECHO INVESTMENT6,15+13,26 %
REINHOLD0,26+13,04 %
IQ PARTNERS0,36+12,50 %
FINANCIAL ASSETS MANAGEMENT GR0,29+11,54 %

Top 5 Losers

NameValueChange
B.A.C.D.0,07-22,22 %
REDWOOD HOLDING0,80-14,89 %
KOMPAP7,44-11,32 %
SCO-PAK SPOLKA AKCYJNA0,71-10,13 %
HYPERION2,17-10,33 %