OTP AGM approves HUF 190 per-share dividend
Shareholders of Hungarian bank OTP approved the boardʼs proposal to pay a dividend of HUF 190 per share on last yearʼs earnings at the bankʼs annual general meeting on Wednesday, Hungarian news agency MTI reported. OTP will pay HUF 53.2 billion in dividends.
The dividend for shareholders in reality will work out to around HUF 193 per share, after taking into account treasury shares.
OTP had consolidated total assets of HUF 11.3077 trillion at the end of December 2016, according to International Financial Reporting Standards (IFRS), up 5% from twelve months earlier. It had consolidated IFRS after-tax profit of HUF 202.4 bln last year.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
