Erste Group’s dividend policy is guided by the bank’s profitability,growth outlook and capital requirements. Due to the Covid-19induced restrictions, the annual general meeting originally scheduled for 13 May was postponed to 10 November 2020 and held virtually.
On 10 November 2020, the annual general meeting resolved to pay a dividend of EUR 0.75 per share for the fiscalyear 2019, conditional upon no regulatory recommendation to refrain from such payments or no other legal restrictions being inforce prohibiting such distributions on 8 February 2021.
On 15 December 2020, the ECB asked banks to refrain from or limitdividends until 30 September 2021. As the conditions to pay thedividend were not met, no dividend for the fiscal year 2019 was paid out. The management board proposes to the annual general meeting in May – in line with ECB recommendation – a dividend for 2020 of EUR 0.5 per share. An additional EUR 1 per sharehas been reserved for a potential later payment.