Nordea to follow the updated ECB recommendation on dividend
Nordea Bank AbpStock exchange release – Other information disclosed according to the rules of the Exchange16 December 2020 at 20.45 EET On 15 December 2020 the European Central Bank (ECB) announced its updated dividend recommendation to banks. The ECB in general expects dividends and share buy-backs to remain below 15% of the cumulated profit for 2019 and 2020 and not higher than 20 basis points of the Common Equity Tier 1 (CET1) ratio until the end of September 2021. Banks are expected to have a dialogue with the ECB before announcing any dividends or share buy-backs to the