Gorenjska Banka Announces Dividend of €33.75 per Share

By , 04 Jul 2019, 09:18 AM Business

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STA, 3 July 2019 - The Serbian AIK Banka, a new sole owner of Gorenjska Banka since April, decided at Wednesday's annual general meeting that EUR 12 million, or almost two-thirds of last year's distributable profit of Gorenjska Banka of EUR 18.9 million, will be earmarked for dividends at EUR 33.75 per share.

 

The rest - EUR 6.9 million - will remain unallocated, with EUR 4.3 million being at the bank's disposal for unlimited and immediate use to cover risks or losses the moment they occur.

The assembly granted discharge of liability to the management and supervisory boards for last year as well as passed a number of amendments of the company's articles of association today.

The supervisory board, currently including six members, is as of now required to have a minimum of three members and a maximum of seven, while the management board, currently featuring two members, is required to have at least two members and at most five.

Gorenjska Banka generated EUR 20.68 million in profit before taxes last year, thus doubling the 2017 gross profit. The net profit in 2018 was EUR 17.1 million. The bank's total assets amounted to EUR 1.83 billion at the end of the last year.

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