Norwegian banks must reconsider dividend plans, regulator says

Sparebank 1 Nord-Norge

16/03/2020 07:43

OSLO, March 16 (Reuters) - Norwegian banks should reconsider
their dividend plans in light of the economic uncertainty caused
by the coronavirus outbreak, the country's bank regulator (FSA)
wrote in a letter on Monday.
    Most banks have already proposed significant payments for
2019, and are due to hold shareholder meetings in the coming
weeks to approve the plans.
    The FSA said all banks were given a March 23 deadline to
outline its revised plans.

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))