|Real-time Estimate - 10/30 07:19:23 am|
Avanza Bank : temporarily reduces the dividend payout ratio for 2020 to strengthen the leverage ratio
|10/18/2020 | 12:46pm|
A leverage ratio requirement of 3 per cent will be introduced in
As stated in the interim report for the second quarter, Avanza can improve its leverage ratio through increased Tier 1 capital, which is achieved through a lower dividend payout ratio or by issuing additional Tier 1 capital (AT1), as well as by reducing on- or off-balance sheet commitments.
Owing to Avanza’s strong performance in 2020 and the prevailing pandemic, with great uncertainty around dividends, the Board of Directors has at tonight’s board meeting decided that Avanzas leverage ratio will be strengthened through retained earnings by temporarily deviating from the dividend policy for 2020. The long-term policy to distribute at least 70 per cent of the profits remains unchanged.
Tomorrow, 19 October, at 07:45, Avanza will publish the result for the third quarter where further information will be provided.
For further information please contact:
+46 70 206 69 55
Avanza is a digital platform for savings and investments, founded in 1999.
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