Financial Times FT.com

Warsaw urges banks to shun dividends

By Jan Cienski in Warsaw

Published: May 29 2009 01:53 | Last updated: May 29 2009 01:53

Poland’s central bank governor has reiterated his call for banks to refrain from paying out dividends this year in order to strengthen their balance sheets during the economic downturn, echoing similar calls from other central banks in the region.

“Last year during a banking forum, I pointed out for banks to retain their profits,” Slawomir Skrzypek, the governor of the National Bank of Poland, told the Financial Times. “I am renewing it this year.”

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