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Payment of dividends from Veterans' Fund to start on Monday

ZAGREB, March 4 (Hina) - The payment of dividends for 2009 and 2010 from the Croatian War Veterans Fund will start on Monday 7 March, and the total amount earmarked for this purpose is HRK 154.48 million, War Veterans and Family Affairs Minister Tomislav Ivic said at a news conference on Friday.

Ivic said that the Fund's 2010 business results were successful against the backdrop of the global crisis which affected the financial market and the economy.

Dividend to be paid per share is HRK 62.78.

Last year, the Fund's assets were worth two billion kuna, which made it one of the strongest funds in Croatia. In 2010 it made a profit of HRK 215.8 million and the value of an individual share reached HRK 800.

Nearly HRK 72 million kuna, or one third of the profit, will be paid in dividends to fund members. One third will be spent on social and humanitarian purposes and one third of the profit will be re-invested in the Fund's assets.

(EUR 1 =HRK 7.4)

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