Poland’s biggest lender is to decide how much profit will it share with shareholders. The recommendation of bank’s management board is PLN 1.27 per share, a figure that’s already been approved by the Supervisory Board. Although the level of the dividend has failed to meet the analysts expectation, the market responded positively as the bank’s shares rose 2.5 percent on the Warsaw Stock Exchange this week. The decision is in line with the new dividend policy, which has been in force since April, which is to share profits according to the regulator’s requirements on capital ratios. The bank’s solvency level would reach 12 percent, with dividends of 40.1 percent proposed by the board, but this will require state approval first. A decision is to be taken at PKO BP’s general meeting.
