Rabobank follows the advice of the European Central Bank (ECB) to be reluctant to pay dividends and talks with the central bank about exactly what that means. This could lead to the bank’s certificate holders receiving a lower payment than Rabobank intended in its remuneration policy.

However, Rabobank emphasises that the bank has a solid capital position and a healthy CET1 ratio. The bank says to keep a close eye on further ECB announcements and recommendations. The current advice to exercise restraint in making distributions to shareholders is valid until the end of september next year.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published.

Check Also

White Ferrari Enzo turns up in one-off sale

Ferrari originally wanted to offer the Enzo only in red, but added the shades of black and…