Investor relations

Dividend

Dividend

Dividend

The Bank identifies pursuing a stable dividend policy as one of the key strengths of the Bank for its shareholders and the Polish capital market, therefore its aim is to payout majority of the profit as dividend. While determining the proposed dividend payout amount (given as the dividend payout ratio - percentage of net profit allocated to dividends), the Bank's Management Board will in particular take into account:

  • the current economic and financial situation of the bank, including restrictions in the event of generating financial losses or low profitability (low return on assets/equity),
  • the Bank's management and risk management strategies,
  • the position of the Polish Financial Supervision Authority on the dividend policy of financial institutions,
  • restrictions under Article 56 of the Act of 5 August 2015 on Macroprudential Supervision of the Financial System and Crisis Management in the Financial System (consolidated text Journal of Laws of 2019, item 483),
  • restrictions arising from the adoption of a dividend pay-out ratio, connected with the fact that the adopted dividend pay-out ratio will limit the amount to which a bank is able to include current period profits or annual profits in Tier 1 capital in accordance with Article 26(2) of the CRR and Article 2 of Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards on own funds requirements for institutions
  • macro-economic environment.

The table presents the history of dividends paid by Bank Handlowy w Warszawie S.A. since 1997, i.e. since the Bank's debut on the WSE.

Data on the dividend is available for download here Dividend, plik xls (16 KB)

Source: current reports of Bank Handlowy w Warszawie SA
* 100% Dividend pay-out ratio of net profit plus prior year profits
** On 18 June 2009 the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. resolved no dividend for 2008 should be paid and net profit should be distributed as follows:
1) allocation to the reserve capital - PLN 570,663,986.61
2) allocation to general risk fund - PLN 75,000,000.00
*** On June 4, 2020, the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. decided to leave the entire profit for 2019 undivided