French banks take time to mull ECB dividend guidance

French_flag_Rennes_PA_575x375_310320
By Tyler Davies
31 Mar 2020

Some of the largest financial institutions in the eurozone have yet to cancel or postpone their dividend distributions for this year, despite explicit guidance from the European Central Bank urging them to restrict payouts during the coronavirus crisis.

Banks including ABN Amro, Banco Santander, BBVA, CaixaBank, Commerzbank, ING, KBC and UniCredit have wasted little time postponing or cancelling dividends.

They responded quickly following the publication of a new statement from the ECB at the end of last week, in which it asked the sector “not ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial