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ECB To Allow Greek Bank Dividends: Not Unexpected

FINANCIALS
Credit BulletsBulletHomepagemarkets-real-timeCreditEuropean Central Bank (ECB) Market News
Greek bank dividend resumption reports out there. Double-edged sword for a credit investor - implies a greater degree of normality and a return to better long-term profitability and viability. But also a flow of funds away from the credit stack. Either way, not an unexpected event so likely credit neutral and ECB will still be very closely monitoring the levels of payout, we feel.


  • "ECB EXPECTED TO APPROVE GREEK BANKS' REQUEST TO RESUME PAYMENT OF DIVIDENDS AFTER 16 YEARS" - RTRS SOURCES
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Greek bank dividend resumption reports out there. Double-edged sword for a credit investor - implies a greater degree of normality and a return to better long-term profitability and viability. But also a flow of funds away from the credit stack. Either way, not an unexpected event so likely credit neutral and ECB will still be very closely monitoring the levels of payout, we feel.


  • "ECB EXPECTED TO APPROVE GREEK BANKS' REQUEST TO RESUME PAYMENT OF DIVIDENDS AFTER 16 YEARS" - RTRS SOURCES