Banca Comerciala Romana (Romanian Commercial Bank - BCR) lastyear posted a 100-105 million-lei profit, according to Romanianaccounting standards (RAS), less than half the 2009 profit, saidshareholder sources.
"We have not talked about this year's dividend policy yet, but amida preliminary profit of 100-105 million lei according to Romanianstandards, I don't really see what dividends could be granted. Ifthey distribute 40% of the profit, it is non-significant. Therewill be dividend talks at the review GM," said the quoted sources.The bank posted a 237.9 million-lei profit in 2009, nearly fivetimes lower than in 2008, of 1.11 billion lei.
In the first nine months of last year, BCR posted a 75 million-leiprofit. At Wednesday's general meeting the shareholders approvedthis year's spending and revenue budget, according to which thebank estimates a net profit according to Romanian accountingstandards of 250 million lei, 2.5 times higher than in 2010.
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