BRE plans no dividend from 2009 earnings-CEO

Wed Nov 4, 2009 3:27pm IST

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WARSAW, Nov 4 (Reuters) - BRE Bank, the Polish arm of Germany's Commerzbank (CBKG.DE: Quote, Profile, Research), does not plan to pay a dividend from 2009 earnings, its chief executive said on Wednesday.

"I can't picture paying out a dividend with the current world economic situation and attention to solvency ratios," Mariusz Grendowicz told a news conference. (Reporting by Piotr Bujnicki, writing by Chris Borowski)

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