BB asks banks not to disburse cash dividend till September

BSS

11th May, 2020 09:21:36 printer

 BB asks banks not to disburse cash dividend till September

Bangladesh Bank (BB) asked the banks not to disburse cash dividend till September this year amid COVID-19 crisis.

To this end, the central bank issued a guideline limiting the highest dividend for the banks for 2019 in the wake of Covid-19 outbreak.

As per the guideline, the banks can declare the highest 30 percent dividend with maximum 15 percent cash.

The decision was taken to keep the banks afloat with liquidity enabling them to implement stimulus package of more than Taka 72,000 crore to support the falling economy.

 

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