25.11.2021
Extraordinary General Meeting approves further dividend of EUR 1.00/share
At the Extraordinary General Meeting (EGM) held today, Erste Group Bank AG’s shareholders approved the distribution of a further dividend of EUR 1.00 per share for the 2020 financial year. The proposal for this “catch-up” dividend, which was approved by a vote of 99.8 percent, was the sole item on the EGM’s agenda.
Bernd Spalt, CEO of Erste Group: “Thanks to the fundamental strength of our business model, we managed despite the ongoing Corona pandemic to remain profitable and well-capitalized and to continue on our successful path. We’re very glad to have our shareholders participate in this success in the form of an additional dividend.”
The additional dividend was made possible by the decision of the European Central Bank to lift its previous recommendation to banks to restrict their dividend payouts. Erste Group’s shareholders had already received a dividend of EUR 0.50 per share for the financial year 2020 based on approval by the Annual General Meeting held on 19 May 2021. At that AGM, Erste Group’s Management Board informed shareholders that a reserve of EUR 1.00 per share had been established for a catch-up dividend.
The additional dividend of EUR 1.00 per share will be paid out to entitled shareholders on 2 December 2021.
Erste Group’s EGM was held solely in a virtual format due to the restrictions imposed by the current Corona lockdown. A webcast of the EGM will be available on the Erste Group website until 16:00 CET on 28 November 2021: