Home » Business » Distributions

Distributions

Helaba

Like other financial institutions, the Landesbank Hessen-Thüringen is suspending the dividend payment for the time being.


(Photo: dpa)

Frankfurt An increasing number of banks are following the recommendation of the supervisory authorities and suspend distributions to their owners. The Landesbank Hessen-Thüringen (Helaba) is not paying a dividend for the time being. A Helaba spokesman said on request that the bank’s governing bodies would put off the decision until the fourth quarter of this year.

Just over a week ago, Helaba had said it was planning a distribution. It was a sum of 90 million euros. The Landesbank is majority owned by the savings banks in Hesse and Thuringia, and the two federal states are also responsible.

.

Leave a Comment