Kredyt Bank to pay dividend for 2001

Polish medium-sized Kredyt Bank, controlled by Belgium's KBC Bancassurance said it planned to pay out a dividend for 2001 at zł. 0.20 per share, below the 2000 payment. Kredyt Bank, whose stock closed at zł. 19.1 on Thursday, paid a zł. 0.50 per share dividend in 2000. The bank, whose unconsolidated 2001 net profit plummeted more than 60% to zł. 78 million ($19.1 million), wants to spend zł. 29.6 million ($7.3 million) on the dividend. The management's proposal still needs to be approved by the bank's supervisory board and its shareholders. - Reuters