N. Macedonia's TTK Banka proposes higher dividend for 2023

This distribution includes 76 denars in gross dividend per share through new shares which will be issued in a private offer exclusively for shareholders, along with an additional 32 denars in gross cash dividend, TTK Banka said in a bourse filing.

The bank plans to distribute a total of 104.6 million denars as dividend for last year.

TTK Banka's shareholders will vote on the proposal at a meeting scheduled for March 29.

The bank's net profit rose to 105.2 million denars in 2023, some 72.9% higher compared to the previous year.

The lender's shares last traded on the Macedonian Stock Exchange (MSE) on Tuesday, at an average price of 1,440 denars.

(1 euro = 61.53 denars)