March 14, 2018 / 2:35 PM / 9 months ago

PKO BP confirms may spend up to 25 pct of 2017 profit on dividend

WARSAW, March 14 (Reuters) - Poland’s biggest lender PKO BP confirmed on Wednesday that it may spend up to 25 percent of its 2017 net profit on dividend, following the release of new mid-term guidelines on dividends by financial regulator KNF.

Last year, the state-run PKO BP had a net profit of 3.1 billion zlotys ($911.31 million). ($1 = 3.4017 zlotys) (Reporting by Marcin Goclowski Editing by Marcin Goettig)

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