By Kim Richters
Erste Group Bank AG said Thursday that it is proposing a conditional cash dividend of 0.75 euros per share for 2019.
The payout would equal around 22% of 2019's consolidated net profit, the Austrian bank said, and depends on whether regulators change "their current recommendation to refrain from distributions to shareholders and no other legal restrictions being in force prohibiting such distributions."
Erste Group plans to propose the dividend--which would be paid on Feb. 15 next year--at its annual general meeting to be held on Nov. 10.
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(END) Dow Jones Newswires
October 15, 2020 12:46 ET (16:46 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.