ECB lifts bank dividend ban, but with hefty limits on payout levels
16 December 2020 - 20:25
Brussels — European regulators lifted their de facto ban on bank dividends while imposing strict limits on payout levels to help lenders maintain financial strength during the pandemic.
The European Central Bank (ECB) said that the continent’s banks should keep dividends and share repurchases to less than 15% of profit for 2019 and 2020, or 0.2% of their key capital ratio, whichever is lower, according to a statement. That’s a more conservative payout level than the Bank of England (BoE) announced last week...
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