Ceska Sporitelna approves unchanged dividend

...billion crowns ($220.6 million) in dividends, unchanged from last year.

Erste will receive almost all of this as it holds 98 percent of Sporitelna. The dividend, 30 crowns per share, will be paid on June 1.

Dividend payments are significant flow drivers on the Czech foreign exchange market as most of the country's biggest companies are held by foreign owners.