Poland's mBank plans 17 zlotys per share dividend

WARSAW Mon Mar 3, 2014 4:44pm EST

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WARSAW Mar 3 (Reuters) - Polish lender mBank, a unit of Germany's Commerzbank, plans a dividend payout of 717 million zlotys ($235.07 million) or 17 zlotys per share from last year's profit, the bank said on Monday.

The payout proposed by mBank's management board has been approved by its supervisory board, but needs clearance from a shareholders' meeting scheduled for March 31.

The bank paid out 10 zlotys per share a year ago. ($1 = 3.0502 Polish zlotys) (Reporting by Pawel Bernat; Editing by Christian Lowe)