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NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.69bn
Enterprise Value £55.22bn
Revenue £4.95bn
Position in Universe 29th / 1832

Norwegian banks should postpone dividend payments, finance minister says

Wed 25th March, 2020 9:39pm
OSLO, March 25 (Reuters) - Norwegian banks and insurers
should postpone their planned dividend payments due to the
economic uncertainty caused by the coronavirus outbreak, Finance
Minister Jan Tore Sanner said in a statement on Wednesday.
    "I expect financial firms to understand the severity of the
situation and that they will postpone decisions on shareholder
dividends," Sanner said.
    He stopped short, however, of imposing an outright ban, as
had been suggested earlier on Wednesday by Norway's Financial
Supervisory Authority (FSA).  urn:newsml:reuters.com:*:nL8N2BI3Y8
    The government may still impose dividend restrictions at a
later time if deemed necessary, he added.

 (Reporting by Terje Solsvik
Editing by Chris Reese)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))
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