RBNZ partly relaxes ban on bank dividends

Geoff Bascand.

Wed, 31 Mar 2021

The Reserve Bank said it will allow banks to resume paying dividends but only up to a maximum of 50% of their earnings through to July 1 next year.The prudential regulator banned banks paying dividends in April last year after the onset of the covid-19 pandemic.It said the ban has been successful in supporting financial stability and the provision of credit."The New Zealand economy has rebounded to a stronger position than anticipated at the outset of the covid-19 pandemic and, as such, the complete restriction on dividends is no longer ne...

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