the KBC withdraws its dividend, in line with the recommendation of the European Central Bank (ECB), in order not to pay dividends. The Belgian bank and insurance company announced Monday.
now, KBC is pulling the previously announced final dividend of 2.5 euro per share. In november, it was already 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In October, it will be reviewed or withdrawn at the final dividend is still whole, or in part, may be made in the form of an interim dividend.
the KBC have to cancel the proposed share buy-back 5.5 million of its own shares.
SEE ALSO. The stock markets are in meltdown? The four specialists will explain to us what is the worst case scenario could be avoided:
