Share
27 March 202021.12 The ECB halts the dividends and share buyback plans of the supervised banks, in order to direct all the firepower of the credit system towards the real economy, brought to its knees by the epidemic and protect the liquidity and capital of the institutions . A measure worth 30 billion and which can represent a lever in terms of loans of 450 billion euros. The European Supervisory Authority, updating its recommendation on the matter, asked not to remunerate shareholders "during the Covid pandemic", until 1 October.ECB freezes dividends and banks buy-back
2020-03-27T20:24:29.748Z
21.12 The ECB stops dividends and plans to repurchase shares of supervised banks, in order to direct all the firepower of the credit system towards the real economy, brought to its knees by the epidemic and protect the liquidity and capital of the institutions. A measure worth 30 billion and which can represent a lever in terms of loans of 450 billion euros. The European Supervisory Authority, updating its recommendation on the matter, asked not to remunerate shareholders "during the Covid pandemic", until 1 October.
Source: rainews