Polish second largest lender Pekao announced that its Supervisory Board has approved the Management Board’s proposal on paying dividends for 2011. The decision has been taken at this week’s general meeting. The bank agreed to distribute PLN 5.38 per share to all of its shareholders which translates to 49.96 percent of the profit it produced last year. The disbursements will be made in July 2012. Pekao S.A. closed 2011 with a net profit of PLN 2.899m, up 14.9 percent from 2010.
