March 2 Powszechna Kasa Oszczednosci Bank Polski
* Poland's No.1 lender by assets PKO BP said on Thursday it
has changed its dividend policy. The state-run bank plans to pay
out stable dividends in longer term.
* The dividend policy has been amended due to the Polish
Financial Supervision Authority KNF position issued on 6
December, PKO says.
* In December KNF imposed more restrictions on dividend
payouts by banks with foreign exchange loan portfolios to help
them boost their capital and tackle potential legal risks
related to converting Swiss franc mortgages.
* The threshold values for capital adequacy measures
regarding dividend policy were defined in the principles at a
level corresponding with KNF recommendations, i.e. the Tier 1
exceeding 14.62 percent as a dividend criterion, the bank said.
Source text for Eikon:
Further company coverage:
(Reporting by Marcin Goclowski; Editing by Agnieszka Barteczko)