Banks, Financial Services, Latvia
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Thursday, 25.04.2024, 18:56
Rietumu Bank will pay dividends from the profit for 2017
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Furthermore, there has been made a decision on the payment of dividends
from Rietumu Bank’s year 2017 net
profit, which exceeded 33 million euro.
“A consistent development over the course of many years has ensured a strong
base for working with profit and high liquidity even in the current challenging
circumstances. We had operatively made necessary changes, and by the end of
this year the main transformation process will be completed. We are gaining
new, promising clients; continue drawing up new plans, setting new goals and
use all of our resources to achieve them”, says Rolf Fuls, Chairman of the
Board of Rietumu Bank.
Cumulatively an amount of 12.7 million euro is directed to dividends for the
owners of common and preference shares. The yield on preferred shares amounted
to 5% per annum.
The rest of the net profit is directed to the bank’s development.
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