Poland's BRE Plans to Gradually Increase Dividend Payout Ratio
February 08 2013 - 6:39AM
Dow Jones News
By Patryk Wasilewski
WARSAW--Poland's BRE Bank SA (BRE.WA), a unit of Germany's
Commerzbank AG (CBK.XE), plans to gradually increase its dividend
payout ratio after proposing to pay 33% of last year's profit as
dividends, said Chief Executive Cezary Stypulkowski.
The bank's 2012 net profit totaled 1.2 billion zlotys ($387
million).
BRE Bank would be "disappointed" if profit this year is below
PLN1 billion, said Joerg Hessenmueller, the bank's chief financial
officer.
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
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