European Central Bank to issue verdict on banks’ dividends

Greece's four major banks have until the end of the month to submit their capital plans for the next three years to the Single Supervisory Mechanism (SSM) of the European Central Bank, based on which the request for the distribution of 2023 dividends of 10-30% will be assessed.

The total amount of dividends to be distributed by Eurobank, Alpha, National and Piraeus is estimated to approach 840 million euros, from total net profits of €3.6 billion last year, with significant variations depending on the bank, both in absolute size and as a percentage of profits.

The ECB will allow Greek banks to make the first payments to their shareholders, Bloomberg noted on Thursday, confirming the information so far, based on which the request will meet a positive response from the supervisor's side.

However, as noted in the relevant publication of the agency citing a source...