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Serbia's NIS shareholders approve lower dividend for 2020

Serbia's NIS shareholders approve lower dividend for 2020
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Serbia's NIS plans to pay lower dividend for 2020


Serbia s NIS plans to pay lower dividend for 2020
Source: NIS
BELGRADE (Serbia), May 28 (SeeNews) - Serbian blue-chip oil and gas group NIS [BEL:NIIS] plans to distribute 1.0 billion dinars ($10.4 million/8.5 million euro) as dividend for 2020, lower than the previous year s payout of 4.4 billion dinars, it said.
NIS board adopted the proposal for the dividend payment at a meeting on May 26, the company said in a filing to the Belgrade Stock Exchange on Thursday. The date of the shareholders meeting which has to vote on the proposal was set on June 29.
The remainder of the profit, in the total amount of 5.908 billion dinars, will be used to cover the loss recorded in 2020. ....

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Serbia's Komercijalna Banka net profit declines in Q1


Serbia s Komercijalna Banka net profit declines in Q1
Author: Komercijalna Banka. License: All rights reserved.
BELGRADE (Serbia), May 17 (SeeNews) - Serbian blue-chip lender Komercijalna Banka [BEL:KMBN] recorded a net profit of 196.4 million dinars ($2.0 million/1.7 million euro) in the first quarter of 2021, down from 2.268 billion dinars in the like period of last year, it said.
Komercijalna Banka s net interest income decreased by 2.9% to 2.952 billion dinars, while the net fee and commission income edged up 0.5% to 1.206 billion dinars, Komercijalna said in an interim financial statement filed with the Belgrade Stock Exchange on Friday.
Return on assets (ROA) stood at 0.16% in March, down by 0.77 of a percentage point compared the end-2020 figure, while return on equity (ROE) went down to 0.98% from 5.59% at the end of last year. ....

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