Correction: SpareBank 1 Nord-Norge recommend dividend reduction due to the Coronavirus crisis
The board of directors of SpareBank 1 Nord-Norge recommend revising the dividend payout from last year's profit from 58.6 per cent to 42,6 per cent. New dividend is recommended at NOK 4.00 per equity certificate.Finanstilsynet (Norway's FSA) has asked all Norwegian banks to reappraise their dividend for 2019 in light of the Corona crisis that has arisen. The board hasaccordingly revised its original dividend recommendation, and now suggests a dividend of 4,00 NOK per equity certificate.The Corona situation and its consequences is being taken very serious by the board. The proposed