As such, the company will set aside RON54.88 million for the payments, representing 87% of the RON63 million net profit achieved in 2011.
In 2010, the fund posted a net profit of RON62.9 million.
Revenue rose 24.8% on the year, to RON141.75 million, backed by the RON50.72 million collected when the SIF sold its BCR shares to Austrian Erste Group Bank (EBS.RO).
Shareholders are called on April 25 to discuss the proposed dividend and to approve the financial results for 2011. Another item on the meeting agenda is a presentation of the budget for this year.
On the other hand, the fund had called an extraordinary shareholder meeting for March 1, to hold talks on changing the statute to allow a maximum 5% stake ownership. The meeting was adjourned for lack of quorum, and it failed to gather the required number of shareholders on Friday as well.
The meeting had been called since a law raising the stake cap for the five SIFs, to 5% from 1%, came into force in January.
Should shareholder meetings fail to go through within 60 days from the Official Journal publishing of the law, the statutes are considered changed by default to state the new ownership ceiling.
SIF Banat-Crisana shares were trading late Friday at RON1.24, up 2.4% on the day. (EUR1=RON4.3493)