The management of the Romanian Commercial Bank-BCR approved on Monday the value of dividends to be delivered to bank shareholders. Dividends were set at 0.4642 RON/share, up compared from 0.4541 RON/share in 2006. In total, BCR delivers dividends amounting to about 370 million RON, or about 110 million euro.
The total profit of the bank for 2006 stood at 660 million RON. 55% of it will be distributed to shareholders and the rest will be used to further development operations.
The bank announced a restructuring programe for the integration with the Erste group in February this year. The program was evaluated at about 200 million euro, 150 million of which will be spent in 2007.
