Polish regulator sets 2023 dividend policy for banks

WARSAW, Dec 6 (Reuters) – Poland’s monetary regulator KNF has adopted a brand new dividend coverage for banks for 2023, permitting them to pay out a proportion of their web revenue to shareholders relying on assembly particular standards, it stated on Tuesday.

To qualify to pay as much as 50% of 2022 web revenue, banks will want a leverage ratio larger than 5% and ample capital buffers.

Banks that may pay as much as 75% must meet the capital standards for a 50% payout, taking into consideration their sensitivity to detrimental macroeconomic eventualities.

To pay out 100% of revenue in dividends, banks should meet all the factors set for decrease payouts and their mortgage portfolio needs to be of excellent high quality, with non-performing loans not larger than 5%.

All the factors should be met each on consolidated and non-consolidated ranges, the regulator stated.

The allowed dividend paid may even rely upon the extent of international forex mortgages.

Reporting Anna Koper and Pawel Florkiewicz;
Enhancing by Mark Porter

: .