December 17, 2020 banking

Bundesbank sees German banks halving their dividend plans


FRANKFURT- Large German banks will be able to pay roughly half the amount they had earmarked for dividends after a coronavirus-crisis ban on payouts was eased this week, Bundesbank board director Joachim Wuermeling told Reuters.

'The effect on large banks can be summarised as follows: they will be able to carry out roughly half of the original plans,' Wuermeling said in an interview.

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