WARSAW, June 29 (Reuters) -
* Poland’s biggest bank, the state-run PKO BP, will recommend a dividend payout next year, after it retained its 2016 profits, Polish state-run news agency PAP quoted Chief Executive Zbigniew Jagiello as saying.
* “As the bank’s management we want to recommend in 2018 a dividend payout from the profit achieved in 2017,” PAP quoted Jagiello as saying on Thursday.
* On June 22 shareholders in PKO BP approved the management’s proposal not to pay out dividends on 2016 profits.
* Jagiello also said that in 2017 he expected PKO to report a net profit similar to 2.87 billion zlotys booked last year, although the 2016 results were boosted by one-off elements.
-- Note: Reuters has not verified this story and does not vouch for its accuracy.
Reporting by Agnieszka Barteczko; editing by Susan Thomas