for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

Polish regulator says PKO can spend up to 25 pct of 2017 profit on dividend

WARSAW, March 17 (Reuters) - Polish financial market regulator KNF has said the country’s biggest bank, PKO BP , can spend up to 25 percent of last year’s net profit on its dividend, the lender said late on Friday.

Last year, state-run PKO BP did not pay a dividend, following the regulator’s recommendation to retain profit.

PKO’s net profit in 2017 amounted to 3.1 billion zlotys ($903 million).

$1 = 3.4324 zlotys Reporting by Agnieszka Barteczko Editing by Mark Potter

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up