FOCUSING ON DIVIDENDS, EXPANSION AND EURO

SLSP pays out Sk1.6 billion in dividends

THE COUNTRY's largest bank, Slovenská Sporiteľňa (SLSP), is divvying up part of last year's profit among its shareholders.

THE COUNTRY's largest bank, Slovenská Sporiteľňa (SLSP), is divvying up part of last year's profit among its shareholders.

At their annual general meeting on April 4, SLSP shareholders agreed to accept Sk1.6 billion in dividends from the bank's taxed profit of Sk4.13 billion. In 2006, the bank paid out Sk2.2 billion from a profit of Sk3.74 billion.

At the meeting shareholders approved regular individual and consolidated financial statements and SLSP's annual report for last year. They also approved a change to SLSP's statutes that added investment services to its portfolio of activities. This change was prompted by a revision to the law on securities and investment services that enabled the National Bank of Slovakia to issue a modified banking license to SLSP. The change also required updating of the bank's organisational structure and an increase in its number of managerial posts.

Erste Bank of Austria controls a 100 percent stake in SLSP.

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