Norway's banks should only pay moderate dividends, regulator says

Sparebanken Ost

10/11/2015 09:16

OSLO, Nov 10 (Reuters) - Norwegian banks must continue to 
set aside large parts of their profit to build capital as 
protection against future loan losses, the country's Financial 
Supervisory Authority said on Tuesday. 
    "The banks must retain a significant portion of their 
profits to increase their common equity tier 1 capital ratios. 
This will require moderate dividend payouts," Director General 
Morten Baltzersen said in a statement. 
 
 (Reporting by Camilla Knudsen, editing by Terje Solsvik) 
 ((terje.solsvik@thomsonreuters.com; +47 2331 6599; Reuters 
Messaging: terje.solsvik.thomsonreuters.com@reuters.net)) 
 
Keywords: NORWAY BANKS/