Shares and Dividends

Sparkasse shares

The Sparkasse Bolzano has been a joint-stock company since 1992. In that same year the Sparkasse Foundation was established, which is today the majority shareholder with 63.6% of the shares. 29.5 per cent of the Sparkasse is distributed among more than 22,000 shareholders predominantly resident in South Tyrol. Their commitment gave rise to the associations Small Savings Bank Shareholders Voting Syndicate and Seven Bees.

Dividends

At the Shareholders’ Meeting, the shareholders vote on the distribution of a dividend.

Dividends per share approved and distributed in the last 5 years

2018 2019 2020 2021 2022
Bank net profit 25,4 mln. € 27,0 mln. € 28,9 mln. € 29,0 mln. € 71,3 mln. €
Total gross dividend 8,8 mln. € 10,9 mln. € _* 8,395 mln. € 20.00 mln. €
Payout ratio 35% 40% _* 15% ** 28%
Gross dividend per share 14,5 eurocent 18 eurocent _* 13,9 eurocent 33,3 eurocent

 

* in 2020, the bank had initially resolved to distribute a dividend out of the 2019 profit, but the supervisory authorities sanctioned the suspension of distributions for all banks for the whole of 2020.
**Distribution of a dividend to the maximum extent permitted, i.e. 15% of the cumulated net profit for the years 2019 and 2020 .

Negotiation

Cassa di Risparmio di Bolzano S.p.A. decided to apply for the admission of its own financial instruments to the Hi-MTF market in light of Consob Communication No. 92492 of 18/10/2016 “Recommendation on the distribution of financial instruments through a multilateral trading venue” and following the changes introduced by Directive 2014/65/EU of 15 May 2014 (MiFID II) and EU Regulation No. 600/2014 (MiFIR).

The legislator’s ultimate goal is to ensure greater transparency and investor protection.

The rules for trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A. are contained in the document “Information document on trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A.”.

Repurchase fund

The cases in which a Fund may be used for the purchase of own shares/subordinated bonds and the criteria to be met have been set out in the document “Criteria for Activating the Fund for the Purchase of Own Shares and Subordinated Bonds”.

Information document