OTP Bank board proposes payment of HUF 120-per-share dividend
The board of OTP Bank, Hungary's biggest commercial lender, will propose to shareholders payment of a HUF 120-per-share dividend on 2012 profit, the agenda for the bank's annual general meeting published late Wednesday shows. The dividend comes to HUF 33.6 billion, according to the bank's profit-and-loss statement prepared with Hungarian Accounting Standards. The statement shows after-tax profit of HUF 52.6 billion. Deputy-CEO László Bencsik said a month earlier, after the bank published its Q4 earnings, that the board was expected to propose payment of a HUF 120-121 dividend per share on 2012 profit. OTP Bank shareholders earlier approved payment of a HUF 100-per-share dividend on 2011 profit.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.