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N. Macedonia's NLB Banka proposes 1,787 denars (29 euro)/share dividend for 2019, 2020

N. Macedonia's NLB Banka proposes 1,787 denars (29 euro)/share dividend for 2019, 2020 NLB Banka Beograd headquarters in Belgrade Source: www.nlb.rs

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
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