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
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