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Eurobank received approval from the ECB for a dividend of €342 million

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Η Eurobank πorρε εγκριση αηνγισο€κ ατομμυρiων

Eurobank has received approval from the European Central Bank (ECB) to pay a cash dividend of €342 million, or €0.0933 per share, noting that this amount corresponds to a distribution rate of 30% on net profits for the year 2023 .

“This is an important milestone as it marks the first dividend distribution in 16 years, underscoring its strength and well-diversified operating model, which focuses on creating value for its shareholders” , Eurobank says in a statement.

It states that the approval was granted following an application it submitted, “in the context of strong financial performance and the successful completion of strategic initiatives”.

It adds that the Common Equity Tier 1 Capital Ratio (CET 1 Capital Ratio), adjusted for the proposed dividend, it stands at 16.4% as of March 31, 2024, significantly higher than the regulatory requirements, as it states.

Finally, Eurobank states that the final distribution of the dividend is subject to the proposal of the Administrative Council to the General Meeting of Shareholders and the approval of the General Meeting of Shareholders and adds that the General Meeting of Shareholders will take place on 23.7.2024.

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Source: www.kathimerini.com.cy

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