Windfall for ING investors
The Polish unit of Dutch group ING is considering raising its dividend payout ratio from the 20 percent of annual net profits it normally pays out, its CEO said last Friday.
"We are analyzing the possibility of a change in our dividend policy and are thinking of increasing the percentage of the dividend. For the last 13 years we have paid 20 percent," ING Bank Śląski CEO Brunon Bartkiewicz told reporters. In the first nine months of last year, Śląski saw its net profit jump to zł.226 million from zł.36 million in the same period of 2003.
Bartkiewicz said that the bank's fourth-quarter results should be "no worse" than in the previous three months, when its net profit jumped nearly four-fold to zł.82 million. Śląski will report its fourth-quarter results on February 17. (Reuters)
L.M.
"We are analyzing the possibility of a change in our dividend policy and are thinking of increasing the percentage of the dividend. For the last 13 years we have paid 20 percent," ING Bank Śląski CEO Brunon Bartkiewicz told reporters. In the first nine months of last year, Śląski saw its net profit jump to zł.226 million from zł.36 million in the same period of 2003.
Bartkiewicz said that the bank's fourth-quarter results should be "no worse" than in the previous three months, when its net profit jumped nearly four-fold to zł.82 million. Śląski will report its fourth-quarter results on February 17. (Reuters)
L.M.
