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PKO says won't pay dividend due to Raiffeisen leasing unit purchase
December 1, 2016 / 3:16 PM / in a year

PKO says won't pay dividend due to Raiffeisen leasing unit purchase

WARSAW, Dec 1 (Reuters) - Poland’s largest bank, the state-run PKO BP, said on Thursday that it will not pay out a dividend from its last year’s profit because it has finalised the purchase of Raiffeisen’s Polish leasing unit.

PKO said in a regulatory statement that will allocate its entire last year profit and unallocated profits from previous years to increase capitals instead of paying out a dividend.

PKO said last month that it agreed to buy Raiffeisen Leasing Polska S.A. for about 200 million euros ($212 million). ($1 = 0.9436 euros) (Reporting by Marcin Goettig)

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