European banks HSBC and Santander set to pay dividends
Banks in the region are stepping up pressure on regulators for permission to resume shareholder payouts, which were largely suspended when Covid-19 first hit
27 October 2020 - 18:01
Two of Europe’s largest banks signalled a path back to paying dividends after boosting capital and saying loan losses for the year were likely to be lower than expected.
HSBC said it would pay a “conservative dividend” for the year if allowed, after Europe’s largest lender reported higher-than-expected earnings for the third quarter. Banco Santander rebounded from its worst-ever loss with improved capital and an upbeat profit forecast as it seeks to convince regulators that its balance sheet is strong enough to resume dividend payments...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.