Bank of Ireland puts 2019 dividend on ice
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FILE PHOTO: Signage is seen outside a branch of the Bank of Ireland in Dublin, Ireland, February 6, 2020. REUTERS/Phil Noble
DUBLIN (Reuters) - Bank of Ireland
"In light of the evolving COVID-19 pandemic and following the recommendation of the European Central Bank (ECB) of 27 March 2020 on dividend distributions for all significant institutions during the COVID-19 pandemic, the Group will not be proceeding with this proposed dividend," the bank said.
The bank also warned that its outlook for 2020 published on Feb. 24 should therefore no longer be considered current in these circumstances.
(Reporting by Graham Fahy; Editing by Toby Chopra)
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