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March 27, 2020 20:36 The Bank of Italy, in line with the decision made by the ECB, recommends that all banks and banking groups under its supervision that at least until October 1, 2020 do not pay dividends, including the distribution of reserves and do not assume any irrevocable commitment for the payment of dividends for the financial years 2019 and 2020. Via Nazionale also recommends that credit institutions refrain from buy back, that is, the repurchase of shares to remunerate shareholders.Bankitalia: banks, stop dividends
2020-03-27T19:54:58.089Z
20.36 The Bank of Italy, in line with that decided by the ECB, recommends that all banks and banking groups under its supervision that at least until 1 October 2020 do not pay dividends, including the distribution of reserves and make no irrevocable commitment for the payment of dividends for the financial years 2019 and 2020. Via Nazionale also recommends that credit institutions refrain from buy back, that is, the repurchase of shares to remunerate shareholders.
Source: rainews