Today in Rome, the SACE Spa shareholders' meeting approved the financial statements as at 31 December 2011 (cf. SACE balance sheet, profit drops to 184 million euro), and at the same time decided to distribute a dividend of € 160 million, corresponding to a dividend payout of 87%.
Despite the persistent turbulence in the financial markets and the difficult economic situation of many countries, inside and outside the Eurozone, the operations insured by Sace increased by 5,4% reaching 34 billion euros.
Sace, in line with the objectives of the 2011-2013 Three-Year Business Plan, reaffirmed its "commitment to developing an increasingly integrated offer among the Group companies and to consolidating collaboration with the banking system to support the entire credit cycle the 25.000 client companies, with all the tools to support growth, competitiveness and liquidity developed in recent years".
