Polish deputy treasury minister says 20-40 pct 2007 dividend realistic for PKO |
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Tue, 08 Jan 2008 09:53
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WARSAW (Thomson Financial) - Poland's treasury ministry could support a dividend payout of 20-40 pct on this year's profit by state-controlled bank PKO BP, Deputy Minister Michal Chyczewski told state news agency PAP today.'The range of 20-40 pct in my opinion is realistic,' Chyczewski told the agency in an interview.'Applying an aggressive dividend policy at the moment rather would not be the best idea. We will not seek to suck out capital from the company, nor will we block payouts.'According to PAP's figures, PKO paid out 48 pct of profit as dividend last year. Chief Executive Rafal Juszczak has said that paying out no dividend at all would be one option to meet the company's capital needs.patrick.graham@thomson.com *48 22 447 2430pjg/jlcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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