Banco Montepio Refuses Further Dividends to Mutualista

Banco Montepio rejected Mutualista’s request for increased dividends. Mutualista wanted a doubling of dividends by 2025, but this was denied. Banco Montepio’s CEO, Pedro Leitão, has a strategic plan that needs to be implemented in the future.

Summarized from the sources above. Read the originals for the full story.