Banca Transilvania returns to free shares instead of cash dividends

Banca Transilvania (TLV), the biggest lender in Romania in terms of assets, will discontinue cash dividend payments and return to capitalizing its profits and distributing free shares to its shareholders, according to a report sent to the Bucharest Stock Exchange (BVB).   The bank plans to capitalize almost half of its 2020 net profit – RON 573 mln out of RON 1.2 bln – and distribute free shares to its ...

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