General Announcement::Approval of Dividend Policy

Issuer & Securities

Issuer/ Manager
BANK OF THE PHILIPPINE ISLANDS
Securities
BANKOFPHILIS US$600M4.25%N2309 - XS1841618421 - FNDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-May-2022 13:59:40
Status
New
Announcement Sub Title
Approval of Dividend Policy
Announcement Reference
SG220519OTHRNUXD
Submitted By (Co./ Ind. Name)
Maria Ramona O. Ang
Designation
Investor Relations Officer
Description (Please provide a detailed description of the event in the box below)
At the regular meeting of the Board of Directors ( Board ) of the Bank of the Philippine Islands held on 18 May 2022, the Board approved a dividend policy based on a dividend payout ratio ( DPO ) of 35% to 50% of previous year s earnings.

The final DPO will be determined subject to:
a. Compliance with regulatory limits for CET1 and CAR
b. Compliance with internal thresholds on capital and liquidity
c. Maintenance of sufficient capital to support the Bank s medium-term growth targets, with a buffer for a downturn scenario
d. Board approval

The ff. regulators have been duly informed of the same:
1. Philippine Stock Exchange (PSE)
https://edge.pse.com.ph/openDiscViewer.do?edge_no=4837e3c41b9d0fb73470cea4b051ca8f
2. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

SEC 17C - Results of Regular Board Meeting 05182022.pdf
Total size =437K