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FHB will propose no dividend on 2010

The board of Hungary's FHB Mortgage Bank will propose to shareholders at an annual general meeting on April 20 payment of no dividend on 2010, the agenda for the AGM published late Tuesday shows.

FHB had unconsolidated after-tax losses of HUF 19.4 billion, according to audited, Hungarian Accounting Standards figures, the agenda shows.

The bank had consolidated after-tax profit of HUF 11.2 billion, according to audited IFRS data.

FHB last paid a dividend on 2006 profit.