Shareholders of Raiffeisen Bank International AG (RBI) approved at the Annual General Meeting on Thursday a dividend payment of 93 eurocent per share, which marks a 50% hike over the dividend paid in 2018.
In his opening address, Supervisory Board Chairman Erwin Hameseder discussed, among other topics, the strategic progress made in 2019.
“This includes, in particular, our group-wide digitalization program, the development and implementation of new technologies and the continuous expansion of the IT infrastructure. The key concern for the Supervisory Board is on the further development of data and cybersecurity," he said.
Johann Strobl, CEO of RBI, gave a positive summary at the AGM, saying that in 2018, the bank generated the highest level of consolidated profit in its history, facilitated by the risk costs as well as positive developments in terms of revenues.
RBI is therefore paying a dividend of EUR 0.93 per share for the 2018 financial year, 50% higher than the prior year.
The payment will be made to shareholders with dividend entitlement on 24 June 2019. The EUR 0.93 dividend translates into a dividend yield of 4.3% at the current share price.
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