Italy's Banco BPM eyes first dividend payout next year

MILANO (Reuters) - Italy's third biggest lender Banco BPM is on track to pay out its first dividend since it was created in 2017, its chief executive said on Wednesday. The bank, born from the merger of Banca Popolare di Milano and Banco Popolare, refrained from paying dividends in the first two years of its existence as it focused on bolstering its financial strength and cleaning up its balance sheet. Like other mid-sized retail lenders, Banco BPM is struggling to generate profits from its..