ZCZC
BSS-42
BB-DIVIDEND-POLICY
BB asks banks not to disburse cash dividend till September
DHAKA, May 11, 2020 (BSS) – Bangladesh Bank (BB) today 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.
BSS/KUC/KU/2043 HRS