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News: BBC BNK Banking To Return A$60 Mln To Shareholders Via Special Dividend

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    May 3 (Reuters) - BNK Banking Corporation Ltd (BBC) :

    • BNK UPDATE ON STRATEGIC REVIEW
    • BOARD TO RETURN A$60 MILLION IN SALE PROCEEDS TO SHAREHOLDERS VIA SPECIAL DIVIDEND
    • SPECIAL DIVIDEND EXPECTED TO BE PAID IN Q1 FY23
    • INTERIM CEO, ALLAN SAVINS, APPOINTED AS CEO OF BNK
    • POST SPECIAL DIVIDEND, MARCH 2022 PROFORMA CAR & NET ASSETS WAS 35.7% AND A$131 MILLION RESPECTIVELY
    • PROCEEDS OF FINSURE SALE WERE A$152.2 MILLION, AFTER COMPLETION OF STRATEGIC REVIEW
    • INTENDS TO PURSUE ITS CONTINUED DIVERSIFIED GROWTH STRATEGY
    • GAIN ON FINSURE SALE OF ABOUT A$100 MILLION (BEFORE TAX), TO BE REFLECTED IN BNK'S SECOND HALF RESULTS
 
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