Printer Friendly

NEW 4.79 PERCENT CAPITAL REDUCTION APPROVED; QUARTERLY DIVIDEND INCREASED

 MADRID, Spain, June 22 /PRNewswire/ -- BANKINTER, SA (NASDAQ Bulletin Board: BKISY) shareholders today approved the proposed 4.79 percent reduction of its common stock at the bank's Annual General Meeting.
 The new capital reduction will result in the cancellation of 816,383 shares previously acquired in the open market. The transaction will not significantly alter BANKINTER's strong solvency ratios, which will remain at over 17 percent as per BIS standards.
 The bank also announced that the Board of Directors has declared a dividend payment of pesetas 104 per share to shareholders on July 3, 1993. This will be the first quarterly dividend against 1993 results, and represents a four per cent increase over last year's first quarterly dividend.
 BANKINTER is the eighth largest publicly-owned bank in Spain, and one of the most profitable. The cash flow of the first five months of 1993 amounts to 21.48 billion pesetas, a 24 per cent increase over the same period in 1992. Borrowed funds grew by 100 billion pesetas in the first five months ended May, 1993, representing a 9 percent increase over December, 1992. At the same time, Credit Investments decreased by 50 billion pesetas over December, 1992, and non-performing loans increased by 4 percent in the same period to 26.23 billion pesetas (this increase compares very well against a total of the 11 billion peseta increase of non-performing loans, or 78.7 percent, during the 1992 fiscal year).
 BANKINTER's sponsored ADRs are traded in the US OTC market.
 -0- 6/22/93
 /CONTACT: Alfonso Alfaro of Bankinter, 011-341-339-7561 or Jerome Wattel of Wattel/Della Corte & Arkin, 212-599-2369 for Bankinter/
 (BKISY)


CO: BANKINTER, SA ST: IN: FIN SU: DIV

LG -- NY044 -- 4535 06/22/93 11:40 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 22, 1993
Words:288
Previous Article:STATORDYNE CORPORATION LISTS ON THE EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE
Next Article:DONALD J. TRUMP AND TRUMP PLAZA HOTEL AND CASINO ANNOUNCE PLANS FOR PENTHOUSE/HOLIDAY INN PROJECT
Topics:


Related Articles
SUNTRUST INCREASES DIVIDEND 8.7 PERCENT; $1.00 NEW INDICATED ANNUAL RATE
BANKINTER SHAREHOLDERS APPROVE A 5 PERCENT CAPITAL REDUCTION
BANKINTER SHAREHOLDERS APPROVE NEW 5 PERCENT CAPITAL REDUCTION
BANKINTER TO HOLD ANNUAL GENERAL MEETING ON JUNE 22
GLENDALE FEDERAL BANK CAPITAL PLAN APPROVED; PCA DIRECTIVE REVISED TO REMOVE JUNE 30 DEADLINE FOR RECAPITALIZATION
BANKINTER SHAREHOLDERS APPROVE PROPOSED 4.7 PERCENT BUYBACK; QUARTERLY DIVIDEND INCREASED
BANKINTER FIRST INTERIM DIVIDEND UP 21 PERCENT OVER 1995
First Union Corporation Increases Cash Dividend On Common Stock
Bankinter Approves New Measures For Shareholder Value; First 1998 Interim Dividend Up 14.29% on 1997
S&T Bancorp Increases Dividend and Announces Buyback.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters