AIB and Bank of Ireland scrap €400m dividends

Decision follows ECB advice and will deprive the Exchequer of more than €180m

30th March, 2020
AIB and Bank of Ireland scrap €400m dividends
AIB said it was “well-positioned to support the Irish economy and our customers at this critical time”. Picture: Leah Farrell/RollingNews.ie

AIB and Bank of Ireland have said they are postponing plans to pay dividends after the European Central Bank told lenders to conserve capital.

The two banks were due to pay shareholders some €406 million after their annual general meetings at the end of April. However, on Friday night, the ECB told all European banks to halt the payments as it sought to ensure they were healthy enough to withstand the economic crisis brought on...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Almost one in ten Pup recipients were ineligible, Public Accounts Committee to hear

Taoiseach promises a ‘comprehensive’ plan to roll out vaccines for children

Analysis: Case numbers high as vaccines for children approved and booster rollout slows

Firms seek full Covid supports as Varadkar says new curbs are ‘peculiar’