Greek banks receive ECB approval to resume shareholder payouts after a decade-long debt crisis.
Greek banks have received supervisory approval from the European Central Bank (ECB) to resume shareholder payouts for the first time since the financial crisis in 2008. This marks a significant step in the recovery of Greece's banking sector, which has undergone three recapitalisations and a decade-long debt crisis. The ECB's approval allows banks to distribute dividends worth up to 30% of their 2023 profits, a key indicator of their return to financial health.
June 05, 2024
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