BRD Pays Dividend Of RON0.18/Share

04.14.2011 By Florentina Dragu

Shareholders of Romania’s second largest bank BRD-Groupe Societe Generale (BRD.RO) approved paying out a gross dividend of 0.17957 lei (EUR1=RON4.1021) from 2010 profit, 36% lower on the year, the lender said in a statement Thursday.

Shareholders of Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) approved paying out a gross dividend of 0.17957 lei (EUR1=RON4.1021) from 2010 profit, 36% lower on the year, the lender said in a statement Thursday.

The bank will pay total dividends of RON125.1 million, amounting to around a quarter of the 2010 net profit, worth RON500.5 million.

BRD's shareholders received a gross dividend of RON0.2795 a share from the 2009 profit.

The bank estimates a flat or slightly higher net profit in 2011, as risk costs are expected to stabilize.

BRD has a share capital of RON696.9 million, split into 696.9 million shares with a face value of RON1.

French Societe Generale holds a 59.36% stake in BRD, while Romania's five regional investment funds SIFs own together a little over 22% of its shares.

At around GMT1330 Thursday, BRD's shares traded up 1.34% at RON15.5 in Bucharest.