Swedish c.bank's Ingves says banks should not pay out dividends for the time being

Sweden's banks should not pay out dividends until the economic situation in regard to the coronavirus pandemic has become clearer, central bank Governor Stefan Ingves said on Wednesday. "If it means one bank or another is going to moan a bit, so be it." Ingves' appeal echoed that from the Financial Supervisory Authority which also called on banks to halt payouts this year.


Reuters | Stockholm | Updated: 11-11-2020 16:32 IST | Created: 11-11-2020 16:29 IST
Swedish c.bank's Ingves says banks should not pay out dividends for the time being
Representative Image Image Credit: ANI
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Sweden's banks should not pay out dividends until the economic situation in regard to the coronavirus pandemic has become clearer, central bank Governor Stefan Ingves said on Wednesday. "It is important to be careful," Ingves told reporters. "If it means one bank or another is going to moan a bit, so be it."

Ingves' appeal echoed that from the Financial Supervisory Authority which also called on banks to halt payouts this year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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