Dividends

The Bank abides by all relevant, applicable rules and regulations and observes the following policies in distributing dividends to its shareholders:

  1. A transfer of 25% of the net profit to statutory reserve. Such transfers may be discontinued when the total statutory reserve is equal to the paid-up capital.
  2. Upon the recommendation of the Board of Directors and approval of the Annual General Assembly, dividends are distributed among shareholders, each in proportion to their shareholdings.
  3. The Bank’s strategic direction determines the distribution of the interim and annual dividends. The dividends proposed for the second half of the year are included in the shareholders’ equity, and will remain there until the Annual General Assembly approves the Board of Directors’ recommendation.

Period Due Date Distribution Date Distribution Way Amount
Second half 2016 27/03/2017 10/04/2017 Account Transfer 0.30
First half 2016 20/07/2016 02/08/2016 Account Transfer 0.35
Second half 2015 05/04/2016 18/04/2016 Account Transfer 0.35
First half 2015 06/07/2015 27/07/2015 Account Transfer 0.35
Second half 2014 06/04/2015 20/04/2015 Account Transfer 0.35
First half 2014 30/06/2014 15/07/2014 Account Transfer 0.38
Second half 2013 10/03/2014 24/03/2014 Account Transfer 0.8
First half 2013 30/06/2013 15/07/2013 Account Transfer 0.65
Second half 2012 11/03/2013 25/03/2013 Account Transfer 0.65
First half 2012 11/07/2012 23/07/2012 Account Transfer 0.65