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Raiffeisen Bank International (ISIN: AT0000606306) wants to hold an extraordinary general meeting on November 10, 2021 to propose paying an additional dividend of €0.75 per share for fiscal year 2020, as announced on Wednesday. This was justified by the European Central Bank (ECB) decision not to extend its recommendation on dividend restrictions.
No dividend originally proposed for fiscal year 2019, in line with the European Central Bank’s recommendation to limit dividend payments during the COVID-19 pandemic. Provided that the EGM approves the proposed resolution on dividend, dividend will be paid on November 17, 2021. The ex-dividend day will be November 15, 2021. In April 2021, a cash dividend of €0.48 per share was paid for the 2020 financial year.
RBI shares have been listed on the Vienna Stock Exchange since April 25, 2005. Raiffeisen Landesbanken jointly owns about 58.8 percent of the shares of the Reserve Bank of India, and 41.2 percent is in free circulation. With a total of about 45,000 employees, Raiffeisen Bank International looks after around 17.7 million customers in 1,800 branches, mostly in Central and Eastern Europe (CEE). It is the second largest bank in Austria.
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