Israel's Bank Leumi CEO sees return to dividends in 2017 -report

Israel's Bank Leumi CEO sees return to dividends in 2017 -report
 

Bank Leumi (LUMI.TA), Israel's second-largest bank, expects to resume paying dividends in 2017 as it is very close to clearing a key regulatory hurdle, its chief executive said.
Rakafet Russak-Aminoach told Bloomberg News that Leumi, which has not distributed dividends since 2011, expects to meet the Bank of Israel's demand of a Tier 1 capital ratio of 10.25 percent by January 2017.
"Whenever we are there, we will be able to approach the regulator and ask for approval for a dividend," she said.
A Leumi spokesman confirmed that the bank believes it will pay dividends during 2017.... read more

 
9 October 2016 in Business, Views: 51
Source: Reuters
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