The economy, KBC, and ING, to draw their dividend, in line with the recommendation of the European Central Bank (ECB), in order not to pay dividends. Rabobank came in Sunday night with a similar step.
KBC withdraw the previously announced final dividend of 2.5 euro per share. In november, it was, however, an interim dividend of 1 euro per share will be paid out.
In October, it will be reviewed or withdrawn at the final dividend is still whole, or in part, may be made in the form of a dividend.
KBC to cancel the proposed share buy-back 5.5 million of its own shares.
The financial group, following the recommendation of the ECB, in the light of the coronacrisis until at least October, no dividends will be paid. At the same time, ensures the CEO, Johan Thijs, the bank maintains a “robust capital and liquidity positions,” the KBC, to allow for extreme scenarios to be encountered.
