ECB Moves Closer to Lifting Bank Dividend Ban by Next Year
- Some ECB supervisory board members worried about impact of ban
- These officials are moving toward allowing payments next year
The ECB headquarters, left, in view of Frankfurt’s financial district. The central bank asked lenders not to make dividend payments after the pandemic wreaked havoc on the economy.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European regulators are moving closer to lifting a de-facto ban on bank dividend payments at the start of next year, according to people familiar with the matter.
Several members of the European Central Bank’s supervisory board, who supported initial requests that banks forgo dividends, see further extensions of the ban doing more harm than good, the people said, asking not to be named because the deliberations are private.