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Romania's Central Depositary to pick a lender in June to operate the payment of dividends

The bank which will complete together with the Central Depositary in Romania a centralized system for the payment of dividends could be selected by month-end, declared today Adriana Tanasoiu, general manager of the depositary.

The Central Depositary has so far received letters of intent from 15 banks operating in Romania interested in participating in the centralized dividend payment system.

The list is comprised of both Romanian banks and foreign banks operating in Romania.

"We want the Depositary to pay dividends to all societies transacted at the Bucharest Stock Exchange and even to those that have register contract with us, should they desire it. Investors will have a much more efficient payment system," said Tanasoiu back in January.

The system will be set up with the help of a bank operating in Romania that uses an automatic payment scheme.

Tanasoiu added that the ideal is to use the system including for this year's dividends.

The Bucharest Stock Exchange is the main shareholder of the Depositary, with 51 percent of the shares. The investments fund RAEF holds 1.76 percent and the remaining shares are divided among the five investments companies knows as SIFs, Raiffeisen Bank, Banc Post, ATE Bank and BRD SocGen.

 

Sursa: http://www.newsin.ro

Tags: depositary system dividends payment central brd

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