BZ WBK promises record dividend

APA - Austria Presse Agentur
opublikowano: 10-11-2005, 07:32

Warsaw (Puls Biznesu) - In the three quarters of this year, BZ WBK bank had PLN 412.5m (EUR 103.1) of net income, a dozen million zlotys more than analysts had expected.

Warsaw (Puls Biznesu) - In the three quarters of this year, BZ WBK bank had PLN 412.5m (EUR 103.1) of net income, a dozen million zlotys more than analysts had expected.

It may be PLN 535m in the whole year, Marcin Materna, Millennium DM analyst estimated.Andrzej Powerza, BDM PKO BP analyst, believed the result may amount to PLN 525m. Jacek Ksen, BZ WBK CEO agrees and promises record dividend.- Because our ROE amounts to 18.7 percent, and we have prospects of good results in 2006, I would recommend dividend of 90 percent of the income, Jacek Ksen said.So far, the company has offered its shareholders 40 percent of its net income.Next year, an income of PLN 588m is possible. Thanks to good results and forecasts, the company gained 4.2percent yesterday. (PLN 1 = EUR 0.250)

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Podpis: APA - Austria Presse Agentur

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