banks in the Euro area to 1, according to the will of the overseers to. January 2021 on the payment of dividends and share repurchases without. To strengthen the ability of the money houses in the Corona of a pandemic, to absorb potential losses and to have sufficient funds for lending to private individuals and companies.
"The development of strong capital and liquidity buffers since the last financial crisis, it has enabled the banks in this crisis, to continue lending to households and companies and thus to a stabilization of the real economy," said the head of the banking supervision of the European Central Bank (ECB), Andrea Enria, on Tuesday. "The more important the credit is to encourage the banks to use their capital and liquidity buffers now, to focus further on these higher-level task."
until now, the ECB had appealed to banks, at least up to 1. October of this year, no dividends to their shareholders to pay off. Many banks are painted in the sequence of scheduled dividends for the fiscal year 2019, or reduced them, at least.
The ECB supervision in November 2014, the largest banks and banking groups in the Euro area directly, currently, there are 115 institutions in the common currency area, the stand for almost 82 percent of the market in the currency area of the 19 countries.Updated Date: 28 July 2020, 06:20