The European Central Bank on Tuesday asked euro area banks not to pay dividends or buy back own shares until January to face the health crisis linked to the coronavirus, according to a statement.
>> LIVE - Coronavirus: follow the evolution of the situation Tuesday July 28
The institution is thus extending by three months this “temporary and exceptional” recommendation which aims to “preserve the capacity of banks to absorb losses and support the economy in this particularly uncertain environment” initially issued in March.