Dividend

By Anestis Dokas

The government appears to be eyeing the 850 million euros in cash reserves belonging to the five listed state corporations in its mission to secure enough liquidity to cover its May obligations.

Komercijalna bank increases market share

BELGRADE -- Komercijalna Banka (bank) AD Beograd "continued to successfully operate in 2014 and accomplished all its objectives set in the Strategy and Business Plan."

The bank reported an increase in volume of operations of RSD 42,5 billion or 12 percent, which provided it with a market share of approximately 13 percent.

TeliaSonera and the other shareholders in Turkcell Holding have agreed to propose to the General Assembly meeting of Turkcell that the largest mobile company in Turkey will distribute dividends, which is calculated at around 4 billion Turkish Liras.

Hellenic Exchanges SA announced on Monday that its earnings before interest and tax in 2014 amounted to 16.7 million euros, versus 24 million euros in 2013.

Its net profit reached 21 million euros against 32.3 million euros a year earlier, and its total consolidated revenue came to 45.1 million euros versus 79.9 million euros in 2013.

The Romanian capital market is the fastest evolving in Europe, Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski told the 'Romania Investor Day' conference taking place in London.

Photo credit: (c) Alex TUDOR / AGERPRES PHOTO

Banking Regulation and Supervision Agency (BDDK) decided late Feb. 3 that 63 percent of the privileged shares that make up the executive board of Bank Asya should be controlled by the Saving Deposit Insurance Fund (TMSF). This decision has been made according to Article 18 of the Banking Law.

Greece’s OPAP, Europe’s second-biggest gambling firm based on market value, posted on Tuesday a 26 percent rise in third quarter profit, boosted by new games and cost cuts.

Net profit rose to 55.9 million euros from 44.4 million euros in the same period last year. The figure was at the high end of analysts’ forecast in a recent Reuters poll.

Bulgaria has received a record low dividend from its state-owned companies this year, it was revealed on Thursday.

Reasons include worsened financial performance of state-owned firms and a cut in the dividend rate to 70% from 80%, capital.bg said on Thursday, citing Finance Ministry figures.

More than 120,000 households were expected to receive a share of over 84 million euros from the so-called social dividend on Tuesday, the Finance Ministry announced.

The social dividend refers to a share of the primary budget surplus that has been earmarked to help households in need and is distributed to applicants based on their tax declarations.

Following the government’s decision to expand the income criteria for recipents of the so-called social dividend, another 250,000 will next week receive the one-off payment made to those deemed to be in the greatest need. The social dividend is funded by the primary surplus of the 2013 budget.