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26 April 2018
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Gov't axes banks' dividend payout

26 February 09 - RE+D Magazine

COMPANIES

Solum Property Solutions

Consultant - GREECE

Eurobank Property Services

Consultant - GREECE

PEOPLE

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services

The government on Wednesday tabled an amendment in Parliament restricting dividend payments by domestic banks participating in a government-sponsored 28-billion-euro programme to boost liquidity in the Greek economy.

Under the amendment, tabled by the economy and finance ministry, participating banks will not be allowed to pay a cash dividend to shareholders, but only shares that will not be the result of share buy-back schemes. The amendment also envisages that return of preferred stocks issues to foreign investors will be exempted from the restriction.

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