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BRIEF-Regulator asks Poland's No.1 lender PKO not to pay dividend for 2016
March 10, 2017 / 4:39 PM / 6 months ago

BRIEF-Regulator asks Poland's No.1 lender PKO not to pay dividend for 2016

March 10 (Reuters) - PKO BP SA

* Polish No.1 lender PKO BP SA says regulator KNF has asked it not to pay out a dividend for 2016.

* Earlier this week the state-run bank has said it would do everything to meet regulator’s criteria allowing it to pay out a dividend for 2016.

* It was not immediately clear whether PKO will propose a dividend for 2016 despite regulator’s recommendation or not.

* PKO paid out a dividend of 1.0 zloty per share or 1.25 billion zloty ($307.22 million) in total for 2015. Source text for Eikon: Further company coverage: ($1 = 4.0687 zlotys) (Reporting by Marcin Goclowski, editing by David Evans)

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