ING Bank Slaski SA said Jan. 31 that its management board will recommend the lender's shareholders to approve a 30% dividend payment from its 2017 net profit.
ING Groep NV's Polish unit noted that it meets the criteria and requirements of the Polish Financial Supervision Authority regarding dividend payments for 2017, with the management board's proposal also taking into account its current financial position and development plans.
ING Bank posted a consolidated net profit of 1.4 billion Polish zlotys and a stand-alone net profit of 1.3 billion zlotys for 2017, with both figures up by 12% year over year, according to the lender's preliminary results released the same day.
The bank did not pay a dividend on its 2016 profit.
As of Jan. 31, US$1 was equivalent to 3.34 Polish zlotys.
