Hungary’s OTP Bank will hold its Annual General Meeting on 25 April. The documents for the AGM revealed that the bank will be paying HUF 145 dividend per share from 2013 profits, nearly 21% more than last year.
“The Board of Directors of the Bank proposes to the General Meeting HUF 145 dividend per share (145% of the face value of the shares) for the fiscal year 2013. The exact amount of dividend payable to the shareholders will be calculated and paid in pursuance of the Bylaws of the Bank, the Company will distribute the amount of dividend calculated on treasury shares to shareholders entitled to receive dividend," OTP said on Thursday.
Dividend payment will start on 10 June 2014 in pursuance of the procedure defined in the Company’s Bylaws.
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