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.