Poland's mBank to withhold dividend from 2015 profits

February 25, 2016 5:24 PM

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WARSAW Feb 25 Polish lender mBank, a unit of Germany's Commerzbank, said on Thursday it plans to withhold dividend payouts from the profits it made last year and previously.

mBank said it wants to keep undivided the 1.2 billion zlotys ($303.24 million) profit accumulated from previous years as well as almost all of its 2015 profit of 1.27 billion zlotys. It gave no reason for the decision.

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