In 2011, BRD paid a gross dividend of RON0.1795 a share.
The bank will pay total dividends of RON116.3 million, amounting to a quarter of the 2011 net profit, worth RON465.2 million.
Wednesday, BRD closed up 0.19% at RON10.62 a share in Bucharest.
BRD’s shareholders officially appointed Alexandre Paul Maymat as the new chief executive officer, effective May 1. Maymat, who served as CEO of Societe Generale in Cameroon, will replace Guy Poupet, following the latter’s resignation.
In addition, the bank approved a framework program to launch up to EUR3 billion in medium term notes on the local and international debt markets over the next three years.
BRD estimates an operating profit of RON1.9 billion in 2012, up from RON1.8 billion a year earlier. Total lending is expected to reach RON35.7 to RON36 billion, up 4% to 5% on the year, according to the bank’s revenue and expenditure budget.
BRD is 59% owned by French group Societe Generale. (EUR1=RON4.3757)