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Jun 19, 2023 12:02 EEST
June 19 (SeeNews) - Bulgarian diversified group Doverie United Holding [BUL:DUH] said that the shareholders of its indirectly majority-owned Moldovan subsidiary Moldindconbank (MICB) approved the distribution of a dividend of 72.45 lei ($4.03/3.69 euro) per share for 2021.
Moldindconbank will pay out to shareholders 358.2 million lei out of its net profit for 2021, Doverie said in a bourse filing last Friday.
At the same time, Moldindconbank will retain as undistributed profit its net earnings of 900.7 million lei reported for 2022 until a subsequent general meeting of the shareholders votes otherwise.
Last year, the bank shareholders decided to skip the distribution of dividend for 2021 and retain the 2021 net profit of 716.4 million lei ($37.6 million/35.4 million euro) as undistributed profit to ease the negative economic impact from the war in Ukraine.
Doverie United Holding owns a stake of 78.21% in Moldindconbank through its subsidiary Doverie-Invest.
In 2022, Moldindconbank grew its assets by 5.8% on the year to 25.8 billion lei, while its credit portfolio increased by 9.6% to 12.6 billion lei. At 3.5 billion lei, the lender's mortgage portfolio is the largest in Moldova's banking system. The bank has a 37.1% of the market share in the payment cards segment, and 34.1% in the money transfer segment, with a transaction volume of $582 million (532.3 million euro), the filing showed.
As at 1015 CEST on Monday, shares in Doverie United Holding traded 1.09% higher at 9.30 ($5.19/4.75 euro) levs on the Bulgarian Stock Exchange.
(1 euro= 19.615 lei)
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