KNF asks four banks to not pay out dividend for 2016

Poland’s financial market supervisor KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski and PKO BP to refrain from paying out the dividend for 2016. BZ WBK had met the initial criteria allowing for a 50 percent payout ratio, but the KNF applied additional criteria to account for the lender’s FX-denominated mortgage book. BGZ…

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