Edition:
India

Bank Handlowy Targets Dividend Payouts Of Min. 75% Of Profits In 2019-2021


Friday, 7 Dec 2018 

Dec 10 (Reuters) - BANK HANDLOWY W WARSZAWIE SA ::SAID ON FRIDAY THAT ITS SUPERVISORY HAS APPROVED NEW 2019-2021 STRATEGY.UNDER THE NEW STRATEGY, IT EYES ROE OF ABOVE 10% BETWEEN 2019-2021 AND SPENDING NO LESS THAN 75% ON DIVIDENDS ON 2018-2021 PROFITS.THE ROE TARGET IS CONDITIONAL ON POTENTIAL LEGAL, REGULATORY AND TAX CHANGES .ITS DIVIDEND PLANS ARE SUBJECT TO THE FINANCIAL REGULATOR'S STANCE REGARDING BANKS' DIVIDEND POLICY.ITS NEW STRATEGY IS BASED ON HIGH SINGLE-DIGIT GROWTH IN RETAIL BANKING AND MID SINGLE-DIGIT GROWTH IN INSTITUTIONAL BANKING. 

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