By Patryk Wasilewski

WARSAW--Poland's BRE Bank (BRE.WA), a unit of Germany's Commerzbank AG (CBK.XE), plans to distribute about a third of last year's earnings as dividends, the bank said Friday.

The exact value of the dividend and the proposed payout date will be submitted to the bank's supervisory board after the release of an audited annual report.

The bank's shareholders have a final say on the dividend amount.

BRE Bank is scheduled to release fourth-quarter earnings later Friday.

Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com

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