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BREJY mBank SA (PK)

4.42
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
mBank SA (PK) USOTC:BREJY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.42 7.28 8.38 0.00 19:26:58

Poland's BRE Plans to Gradually Increase Dividend Payout Ratio

08/02/2013 11:39am

Dow Jones News


mBank (PK) (USOTC:BREJY)
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By Patryk Wasilewski

WARSAW--Poland's BRE Bank SA (BRE.WA), a unit of Germany's Commerzbank AG (CBK.XE), plans to gradually increase its dividend payout ratio after proposing to pay 33% of last year's profit as dividends, said Chief Executive Cezary Stypulkowski.

The bank's 2012 net profit totaled 1.2 billion zlotys ($387 million).

BRE Bank would be "disappointed" if profit this year is below PLN1 billion, said Joerg Hessenmueller, the bank's chief financial officer.

Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com

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