The bank is also looking at further acquisitions in Romania and Serbia. We remind that the bank will pay a dividend of EUR 0.50 / share this year, up 33.3% y/y, which corresponds to a dividend yield of 1.2%. The dividend rise is lower than generally expected. The news however should be neutral for the stock, as the bank announced its intention of looking at an acquisition this year, which could potentially bring more value to shareholders.