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National Bank recommends no distributions for 2014

National Bank recommends no distributions for 2014
Photo Credit: Arabianeye-Reuters
TNB
TNB
7.09% 1.51 0.10


The National Bank’s board recommended not distributing annual dividends for 2014, according to a filing to Palestine Exchange (PEX).

Palestine-listed bank reported a profit rise by 23.3% to $4.4 million during the fiscal year 2014, compared to $3.6 million in FY13.

The bank’s capital amounts to $50 million, distributed on 50 million shares at $1 par value.