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MNI BRIEF: ECB Asks Banks For Dividend Restraint Thru Sep '21

LONDON (MNI)

The European Central Bank has asked euro area banks to exercise "extreme prudence" on dividend payments and share buy-backs until the end of September 2021. The recommendation reflects an assessment of the stability of the financial system and was made in close cooperation with the European Systemic Risk Board, the ECB said in a statement.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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