Business News

Gorenjska banka to Spend EUR 9.2m for Dividends

Ljubljana, 13 May (STA) - The shareholders of Gorenjska banka, a small privately-owned bank based in Kranj, decided on Thursday to allocate EUR 9.2m for dividends, which makes 30 EUR per share. This comes after the bank already paid out in March interim dividends of EUR 40 per share.

The rest of the distributable profit, about EUR 3.4m, will stay undistributed. In 2009, the bank's pre-tax profit stood at EUR 41m and was the highest among banks in Slovenia.

Gorenjska banka is a public limited company, with 74% of its shares held by 10 stockholders, the largest being conglomerate Sava and hardware retailer Merkur. Sava holds almost 50%, while Merkur owns about 13%.

The total assets of Gorenjska banka stood at EUR 1.937bn at the end of 2009.

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