Source: Czech National Bank
The General Board of the European Systemic Risk Board (ESRB) today extended the horizon for the restriction on dividend (pdf, external link) payments by financial institutions during the coronavirus crisis until 30 September 2021.
The Czech National Bank will assess the dividend payout proposals of financial institutions individually, evaluating their capitalisation, risk profile, business model and other important factors. It will set dividend payout limits in a conservative manner in accordance with the ESRB Recommendation.
The CNB assumes that financial institutions will submit proposals only after receiving their audited results for 2020. It will discuss each case in the supervisory college for the relevant financial group before issuing its opinion.
Director of the Communications Division and CNB Spokesperson