{"id":19398,"date":"2020-12-15T20:54:43","date_gmt":"2020-12-15T18:54:43","guid":{"rendered":"https:\/\/bestinsurance.gr\/a1\/?p=19398"},"modified":"2020-12-15T20:54:57","modified_gmt":"2020-12-15T18:54:57","slug":"ecb-to-let-some-banks-to-pay-out-15-of-profit-in-dividends","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/19398","title":{"rendered":"ECB to Let Some Banks to Pay Out 15% of Profit in Dividends"},"content":{"rendered":"<p><span style=\"color: #000000;\">By\u00a0Nicholas Comfort<\/span><\/p>\n<h3><span style=\"color: #000000;\">(Bloomberg) &#8212;\u00a0The European Central Bank said it will allow some banks to resume partial dividend payments next year, while urging them to maintain financial reserves to weather the pandemic.<\/span><br \/>\n<span style=\"color: #000000;\">For the first nine months of next year, banks should keep dividends and share repurchases to less than 15% of profit for 2020 and 2019 or 0.2% of their key capital ratio, whichever is lower, the ECB said.<\/span><\/h3>\n<h3><span style=\"color: #000000;\">European lenders, whose shares have lagged behind the broader market this year, have repeatedly warned that the ECB\u2019s de-facto ban on dividends risks driving investors away. Despite optimism that the end of the pandemic is in sight, some regulators remain concerned that allowing a full return to payouts may leave banks without the financial reserves to bear losses without taxpayer bailouts.<\/span><\/h3>\n<h3><span style=\"color: #000000;\">The Bank of England said last week that it will allow lenders to make payouts that don\u2019t exceed 0.2% their risk-weighted assets, or 25% of cumulative quarterly profits over 2019 and 2020 after deducting shareholder distributions.<\/span><br \/>\n<span style=\"color: #000000;\">Bloomberg reported last week that European regulators planned to take a more conservative approach than the BOE.<\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Nicholas Comfort (Bloomberg) &#8212;\u00a0The European Central Bank said it will allow some banks to resume partial dividend payments next year, while urging them to maintain financial reserves to weather the pandemic. For the first nine months of next year, banks should keep dividends and share repurchases to less than 15% of profit for 2020 and<\/p>\n","protected":false},"author":1,"featured_media":15834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-19398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=19398"}],"version-history":[{"count":2,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19398\/revisions"}],"predecessor-version":[{"id":19400,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19398\/revisions\/19400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/15834"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=19398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=19398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=19398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}