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Dividend Payout Approved by General Meeting of VÚB

Bratislava, March 23, 2018 – The General meeting of VÚB, a.s. decided today that the dividend to be paid to shareholders from the 2017 profit will be EUR 11.10 per share with the nominal value of EUR 33.20. The decisive date for determination of persons entitled to dividends will be April 20, 2018. The payout of dividends to persons entitled to dividends will start on May 11, 2018 upon the exercise of their right to dividend in accordance with the manner approved by the resolution of the general meeting of VÚB. The General meeting of VÚB, a. s. elected a new Chairman of the Supervisory Board of VÚB, Mr. Ignacio Jaquotot, replacing Mr. Ezio Salvai, who resigned from the position of the Member and the Chairman of the Supervisory board of VÚB and furthermore elected a new Member and the Vice-Chairwoman of the Supervisory board of VÚB, Ms. Elena Kohútiková, replacing Mr. Ezio Salvai as the Member of the Supervisory Board and Mr. Ignacio Jaquotot as a Vice-Chairman of the Supervisory Board.

The general meeting of VÚB, a. s. approved the 2017 Annual Report, 2017 Separate financial statements and 2017 Consolidated financial statements prepared in accordance with the International Financial Reporting Standards as adopted by the European Union, as well as the amendment of the Articles of Associations as presented by the Management board of VÚB. The general meeting parallelly approved company KPMG Slovensko spol. s r.o. as the external auditor of the Bank for 2018.

Furthermore, The General meeting of VÚB, a. s. decided on distribution of 2017 profit amounting to EUR 160,021,242.39, of which approximately 90% was allocated to dividends to shareholders and approximately 10% to the retained earnings from the previous periods according to the proposal of the Management board of VÚB, a. s.


Distribution of 2017 profit
Dividends to shareholders EUR 144,025,336,16
Allocation to retained earnings EUR  15,995,906,23

About VÚB

VÚB is a member of international banking group Intesa Sanpaolo, represented in more than 40 countries worldwide with a network of banks, direct branches and units. The Bank operates 178 retail branches, 8 Magnifica centers, 32 corporate centers, 11 mortgage centers in Slovakia and 1 branch in the Czech Republic.

About Intesa Sanpaolo

Company Intesa Sanpaolo belongs in the biggest banking groups in the eurozone and it is among the leaders in retail, corporate and asset management services providing in Italy. Thanks to its broad network of approximately 4,800 branches, Intesa Sanpaolo offers a wide range of services to approximately 12.6 million clients in Italy. The international activities of company Intesa Sanpaolo concentrate on Central and Eastern Europe and Middle East and Africa, having units in 12 countries via retail and commercial banks with approximately 1,100 branches and 7.6 million clients. In addition, the international network is represented in 29 countries, supporting corporate clients.

Information for the media:

Alena Walterová
PR manager
Tel.: +421-2-5055 2130