Polish BZ WBK Offers PLN584.6 Million In Dividend Payout
03/01/2012| 03:05am US/Eastern
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Management of Poland's Bank Zachodni WBK SA (BZW.WA), a unit of Spain's Banco Santander SA (>> Banco Santander, S.A.), Thursday said it offered shareholders 584.61 million zlotys ($189 million) in dividend payments from its 2011 earnings.
The payout amounts to PLN8 per share.
Santander owns 96% of BZ WBK and earlier this week agreed to merge the bank with Belgian KBC Group's (>> KBC) local unit Kredyt Bank (KRB.WA).
-By Patryk Wasilewski; Dow Jones Newswires; +48 22 447 2430; patryk.wasilewski@dowjones.com
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