NWB Bank postpones payment of dividend

NWB Bank has decided to postpone the payment of its intended €55 million dividend for the year 2019, until after 1 October. The bank had to take this decision after the European Central Bank (ECB) strongly called upon all its supervised institutions to do so. Although NWB Bank is aware of its special characteristics, as a national promotional bank, and any dividend payment to the bank’s public shareholders would be a contribution towards the negative economic consequences of COVID-19, the bank has decided to follow up upon the advice of the ECB. If payment of dividend for the year 2019 will, in due course, not be allowed nor responsible because of any unforeseen circumstances, the bank will formulate a new proposal towards its shareholders.

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Simon Zwagemakers
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