ECB extends eurozone banks’ dividend payment pause
Enria says banks face “radical uncertainty” over pandemic’s economic impact
The European Central Bank extended its recommendation for eurozone banks to stop dividend payments and share buy-backs until January 2021.
The announcement today (July 28) added three months to the ECB’s recommendation in March that the bloc’s banks should halt buy-backs and dividend payments until October. The ECB also said it will not require banks to submit their plans for the reduction of non-performing loans until March 2021.
“I’m aware this won’t be particularly well received by
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