Shareholdersof Banesco Banco Universal CAapproved March 30 a cash dividend payment for preferred shares of up to 22.0 millionVenezuelan bolivares, the bank said in an April 4 statement.

Holders of preferredshares will receive payments on May 15, Aug. 15 and Nov. 15, the bank noted.

In addition,the bank's board of directors approved a dividend payment from 2015 profits forholders of common shares for up to 3 billion bolivares, the bank said. 

As of April 4, US$1 was equivalent to 9.95 Venezuelanbolivares.