Polish BZ WBK says parts of 2014 profit may hike dividend in 2016

April 28, 2015 9:25 AM

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WARSAW, April 28 (Reuters) - Polish lender Bank Zachodni WBK , a unit of Spain's Banco Santander , may in theory use witheld parts of its 2014 net profit to increase dividend payout in 2016, the bank's chief executive said on Tuesday.

The dividend policy at Poland's No. 3 bank assumes paying out dividends at 50 percent of its annual profits, but the lender decided to withhold its 2014 profit after the financial regulator asked the bank to do so.

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