Czech GE Money Bank plans dividend ratio of 70 pct or above after IPO

April 11, 2016 7:50 AM

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PRAGUE, April 11 Czech GE Money Bank will keep a dividend policy of paying 70 percent or more on profits in the coming years after an initial public offering announced on Monday, Chief Executive Tomas Spurny said.

Spurny told Reuters in a telephone interview the bank saw some headwinds from low interest rates but was confident it would beat the lending market expected to grow by mid-single digits in the near future.

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