piraeus bank group
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Dividends Table of Piraeus Bank Group


The dividend amount per share for every financial year is decided by the Ordinary General Meeting of Shareholders, following a recommendation of the Board of Directors. The dividend is paid cash unless otherwise decided by the General Meeting.

Amounts in € 2001 2002 2003 2004 2005 2006 2007 2008
Paid Dividend per Share 0.27 0.25 0.30 0.40 0.50 0.64 (a) 0.72 (d) 1 new share
for every 47 old
Adjusted Dividend per Shareb 0.18 0.16 0.19 0.26 0.32 0.51 0.72 -
Total dividend amount 45,132,521 41,789,371 59,273,430 80,102,802 107,435,217 172,410,584 235,720,266 35,663,652 (e)
Dividend pay-out ratio 76% 63% 58% 63% (c) 41% (c) 40% (c) 38% (c) 11%
Record date 15.05.02 31.03.03 07.04.04 07.04.05 05.05.06 04.04.07 15.05.08 03.06.09
Ex-dividend date 16.05.02 01.04.03 08.04.04 08.04.05 08.05.06 05.04.07 16.05.08 01.06.09
Payment date 17.06.02 06.05.03 05.05.04 09.05.05 16.05.06 17.04.07 26.05.08 05.06.09 (f)

Note: For the fiscal year 2008, the Ordinary General Meeting of Shareholders (on 30.04.2009) decided the distribution of dividend to the shareholders in the form of Bank shares, namely the distribution of one new common voting share with nominal value of 4,77€ each for every 47 old shares. This distribution corresponds to a net divident value of €0.10 per share with a right to dividend. 

Pursuant to Laws 3723/2008, 3756/2009 and 3844/2010, banks participating in the Greek Economy Liquidity Support Program were prohibited by the Greek Government from declaring a cash dividend to the ordinary shareholders. Consequently no cash dividend was distributed for the fiscal years ranging from 2009 up until 2013.

(a) In December 2006, interim dividend of €0.32 per share was distributed
(b) Following the increase of share capital (1 bonus share for every 4) in 2006 and the rights' issue in 2007
(c)  Results according to IFRS
(d) In December 2007, interim divident of €0.36 per share was distributed
(e) Before tax (10%)
(f)
Payment date & initiation of shares' trading