Romania's Central Depository, which manages the settlement and clearing services for transactions made on the Bucharest Stock Exchange, announced that it will pay the cash dividends of companies listed on the stock exchange only through CEC Bank, the largest state-owned bank, reports local Ziarul Financiar. The contract will start on February 9.

The Central Depository has thus canceled its contract with the state-owned Romanian Post.

Dividends will not be distributed between January 27 and February 6 in order to clear out the payments carried out through the Romanian Post. Starting February 9, dividends will be distributed exclusively through the CEC Bank's 1,066 units.

The Central Depository has been paying its dividends through the Romanian Post since it launched the dividend distribution service for listed companies, in 2010.

editor@romania-insider.com