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May 22, 2023 12:46 EEST
May 22 (SeeNews) - Croatia's Slatinska Banka [ZSE:SNBA] proposed to its shareholders to skip dividend payout this year, it said.
Slatinska Banka's net profit of 6.09 million kuna ($870,000/808,800 euro) reported for 2022 will be retained, the lender said in filing to the Zagreb Stock Exchange (ZSE) last week.
The shareholders will vote on the proposal on June 27. They will also on a proposal to authorise the management to buy up to 9.99% of the bank’s own shares on the ZSE in the next five year to meet regulatory requirements.
Last year, the shareholders decided to retain 2.8 million kuna out of the bank's net profit of 3.7 million kuna for 2021 and to set aside the remaining 919,395 kuna as reserves to buy the bank's own shares.
Slatinska Banka's shares traded 3.14% higher at 8.20 euro on the ZSE on Monday morning.
($ = 0.925 euro)
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