Belfius to Pay €955M Dividend to Belgian State, Plans Privatization

Belfius will distribute €955 million to the Belgian State this year, raising its payout ratio from 40% to 50% of profits. The state-owned bancassurer plans to transfer a fifth of its capital to the private sector by year-end, signaling a shift toward privatization. This marks a notable change in dividend policy and capital structure, contingent on the successful execution of the share sale.