Economic news

ECB could Lift Bank Dividend Cap, De Guindos says

MADRID, June 23 (Reuters) - The European Central Bank could lift a restriction on bank dividend payments soon thanks to solid economic recovery in the euro zone, ECB’s Vice-president Luis de Guindos said on Wednesday.

“If the pace of activity we are forecasting continues, clearly this recommendation will sooner or later disappear,” De Guindos told a financial event held in Spain.

The ECB expects to made a decision on whether to lift restrictions on bank dividends and share buy-backs on July 23.

The ECB has asked banks to limit dividends and buy-backs until the end of September but has already indicated that the restrictions would be lifted unless the economic outlook deteriorates.

(Reporting by Jesús Aguado and Emma Pinedo; editing by Inti Landauro)

Source: Reuters

 


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree