BREJY mBank SA (PK)

By Patryk Wasilewski

WARSAW--Poland's BRE Bank SA (BRE.WA), a unit of Germany's Commerzbank AG (CBK.XE), plans to gradually increase its dividend payout ratio after proposing to pay 33% of last year's profit as dividends, said Chief Executive Cezary Stypulkowski.

The bank's 2012 net profit totaled 1.2 billion zlotys ($387 million).

BRE Bank would be "disappointed" if profit this year is below PLN1 billion, said Joerg Hessenmueller, the bank's chief financial officer.

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires