June 19 (SeeNews) - Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said on Wednesday that its shareholders have endorsed its plans to skip dividend distribution for 2018.
The lender also paid no dividend for 2017.
Fibank's shareholders approved proposal at a general meeting held on Wednesday, the lender said in a bourse filing.
The bank's non-consolidated net profit nearly doubled to 156.6 million levs ($89.5 million/80.1 million euro) in 2018 from 85.5 million levs in 2017.
Fibank shares last traded on the Bulgarian Stock Exchange at a price of 3.30 levs.
(1 euro = 1.95583 levs)
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