The Slovenia Times

NLB proposes additional dividend of EUR 3.37 per share


Ljubljana - NLB, Slovenia's largest listed bank, has proposed an additional dividend of EUR 3.37 gross per share to be paid in December after the expiry in September of the central bank's restrictions on the payout of bank profits.

Shareholders will vote on the proposal at a general meeting scheduled for 16 December. The ex-dividend date would be 22 December, NLB announced on Friday.

The payout would total EUR 67.4 million.

NLB shareholders have already received two dividend payments this year, 60 cents per share in June and 64 cents per share in October.

If the management's proposal is confirmed, the bank will have paid out a total of EUR 92.2 million in dividends this year, leaving it with just under EUR 250 million in retained accumulated profit.

The bank's ambition remains to exceed total dividend payments of EUR 300 million in 2021-2023 while preserving high potential for future growth.


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