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2020-09-10

EQS-News: Nordea Bank Abp: Nordea follows the ECB recommendation on dividend

EQS Group-News: Nordea Bank Abp / Key word(s): Dividend
Nordea Bank Abp: Nordea follows the ECB recommendation on dividend

10.09.2020 / 20:05


Nordea to follow the ECB recommendation on dividend for 2019


Nordea Bank Abp - Stock exchange release - Other information disclosed according to the rules of the Exchange

On 27 July 2020 the European Central Bank (ECB) extended its recommendation to banks not to pay dividends or buy back shares until 1 January 2021, from previously 1 October 2020. The Board of Directors of Nordea is authorised by the 2020 AGM to decide on a dividend payment of a maximum of EUR 0.40 per share for the financial year 2019 to be distributed in one or several instalments.

Nordea is one of the best capitalised banks in Europe with capacity to distribute capital and support our customers. However, the Board of Directors also acknowledges the updated recommendation adopted by the ECB on 27 July 2020, and on 10 September 2020 the Board of Directors decided to refrain from deciding on a dividend payment for the financial year 2019 before 1 January 2021. Nordea is prepared to distribute dividends after 1 January 2021 and will review the situation in the fourth quarter of 2020 in the light of any further ECB communication.

Nordea will publish any possible decisions on dividend payment by the Board of Directors separately and simultaneously confirm the dividend record and payment dates.


For further information:

Matti Ahokas, Head of Investor Relations, +358 9 53008011

Group Communication, +358 104168023 or press@nordea.com



The information provided in this stock exchange release was submitted for publication through the agency of the contact persons set out above, at 20.00 EET on 10 September 2020.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.




End of Corporate News


Language:English
Company:Nordea Bank Abp
Smålandsgatan 17
105 71 Stockholm
Sweden
ISIN:CH0284415681
Valor:A1Z2TU
Listed:SIX Swiss Exchange
EQS News ID:1130177



 
End of NewsEQS Group News Service

1130177  10.09.2020 

Författare Nordea Bank Abp

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