The group’s fourth-quarter results were broadly in line with expectations, translating into strong equity generation based on very resilient profitability. Management remains committed to resuming dividend payments on a 35-40% payout ratio as soon as this year complemented with share buy-backs. We expect the group to continue to perform well in July’s stress tests which will be pivotal for the ECB’s final decision expected in September.
29 Jan 2021
On track to resume normal capital distribution
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On track to resume normal capital distribution
- Published:
29 Jan 2021 -
Author:
David Grinsztajn -
Pages:
2
The group’s fourth-quarter results were broadly in line with expectations, translating into strong equity generation based on very resilient profitability. Management remains committed to resuming dividend payments on a 35-40% payout ratio as soon as this year complemented with share buy-backs. We expect the group to continue to perform well in July’s stress tests which will be pivotal for the ECB’s final decision expected in September.