SKOPJE (N. Macedonia), October 19 (SeeNews) - North Macedonia's NLB Banka [MSE:TNB], part of Slovenian banking group Nova Ljubljanska Banka (NLB), said on Tuesday it will propose to its shareholders to distribute a total gross dividend of 1,787 denars ($33.7/29 euro) per share for the last two years.
Under the proposal, NLB Banka will distribute 1.5 billion denars as combined dividend for 2019 and 2020, the lender said in a bourse filing.
NLB Banka did not distribute dividend last year after its shareholders did not approve a proposal by the management to pay a gross dividend of 1,976 denars per share for 2019. The bank's net profit fell to 1.7 billion denars last year, from 1.85 billion denars in 2019.
The lender distributed a gross dividend of 1,738 denars per share for 2018.
The bank's shares traded at an average price of 27,167 denars on Monday, Skopje bourse data showed.
(1 euro = 61.70 euro)
NLB Tutunska Banka AD Skopje is among the biggest banks in SEE, for more reference take a look at Top 100 banks