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Polish bank PKO says plans dividends in 2016-2020
November 7, 2016 / 12:38 PM / a year ago

Polish bank PKO says plans dividends in 2016-2020

WARSAW, Nov 7 (Reuters) -

* Poland’s biggest bank PKO BP’s strategy for 2016-2020 assumes paying out dividends, the bank’s Chief Executive Office Zbigniew Jagiello said on Monday.

* The bank had unveiled is new strategy last week, which assumes it will achieve a return-on-equity of above 10 percent by 2020 and that it will be able to pay dividends.

* Earlier on Monday, the state-run PKO beat expectations with a smaller than expected drop in third-quarter net profit, cushioned by the sale of its real estate assets. (Reporting by Marcin Goclowski; Writing by Agnieszka Barteczko. Editing by Jane Merriman)

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