For the 2019 financial year, the shareholders’ meeting held on 23 April 2020 approved the distribution of a dividend of €1.10 per share, postponing payment until at least 1 October 2020. The bank therefore responsibly follows the instructions of the supervisory authorities regarding dividend policy in the context of the Covid-19 pandemic.
In compliance with the applicable provisions and without prejudice to the fundamental safeguarding of the group’s capital strength, we are confident that we will be able to implement the distribution of dividends as soon as conditions permit, after 1 October 2020.
2019 |
2018 |
2017 |
2016 |
2015 |
|
---|---|---|---|---|---|
Consolidated net profit (thousands of EUR) |
123.097 |
146.763 |
180.767 |
687.945 |
161.966 |
Dividends of the Parent Company (thousands of EUR) |
58.797 |
56.125 |
53.433 |
43.813 |
40.334 |
Payout ratio |
47,8% |
38,2% |
29,6% |
6,4% |
24,9% |
Dividends per share |
1,10 |
1,05 |
1,00 |
0,82 |
0,76 |