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N. Macedonia's Komercijalna Banka plans higher dividend for 2023

Feb 23, 2024, 10:26:24 AMArticle by Dragana Petrushevska
share
February 23 (SeeNews) - North Macedonia's Komercijalna Banka [MSE:KMB] said on Friday that it is proposing to its shareholders to distribute a gross dividend of 910 denars ($16/14.8 euro) per share for 2023, higher than the 500 denars dividend paid out for the previous year.

N. Macedonia's Komercijalna Banka plans higher dividend for 2023

Under the proposal, Komercijalna Banka will pay out a total of 2.1 billion denars out of its undistributed profit as dividend for 2023, the lender said in a bourse filing.

The shareholders will vote on the proposal at a meeting scheduled on March 27.

Komercijalna Banka booked a net profit of 3.6 billion denars in 2023, up 66% year-on-year.

The bank's shares traded at an average price of 16,709 denars on the Macedonian Stock Exchange (MSE) on Thursday, the latest available bourse data shows.

(1 euro = 61.61 denars)

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