Gov't axes banks' dividend payout

26 February 09 - RE+D Magazine

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DATE	BUYER	SELLER
02 April 18	Trastor
27 March 18	FG Asset Management - The Valesco Group	Blackstone

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2018-04-25

GD | Construction | PROPERTY

24 April 18

GLOBAL | EUROPE | ASIA

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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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