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NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.76bn
Enterprise Value £55.34bn
Revenue £4.96bn
Position in Universe 30th / 1830

Norway banks should not be allowed to pay dividends for now, regulator says

Wed 25th March, 2020 7:09am
OSLO, March 25 (Reuters) - Norwegian banks and insurers
should not be allowed to pay dividends for the time being, the
country's Financial Supervisory Authority said in a proposal to
the finance ministry on Wednesday.
    A final decision will be made by the ministry, the regulator
added.
    Banks could face significant losses due to the coronavirus
outbreak, while insurers risk lower income due to a fall in
interest rates and could also see a drop in asset values, the
FSA said.

 (Reporting by Terje Solsvik; Editing by Andrew Heavens)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))
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