March 9, 2020 / 4:10 PM / 19 days ago

BRIEF-mBank Receives Recommendations Regarding 2019 Dividend Payment

March 9 (Reuters) - mBank SA:

* POLAND’S FINANCIAL REGULATOR RECOMMENDS THAT BANK INCREASES OWN FUNDS BY WITHHOLDING AT LEAST 95% OF FY 2019 PROFIT

* IN REGULATOR’S RECOMMENDATION ON DEC 31, 2019 BANK FULFILLED REGULATIONS QUALIFYING IT TO DIVIDEND PAYMENT IN AMOUNT OF 75% OF NET PROFIT FOR FY 2019

* DUE TO APPLYING ADDITIONAL CRITERIA REGARDING BANKS’ FX LOANS PORTFOLIO DIVIDEND PAYMENT RATE AMOUNTS TO 5% Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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