Reuters report that Rabobank, one of the three largest Dutch banks would follow European Central Bank (ECB) recommendations and not pay dividends until October 2020.
Rabobank, a cooperative bank that is a major agricultural lender, said it was aware the decision would “affect the direct return” for holders of its certificates during this period.
“We want to maximize our support to the real economy and help our clients through this crisis,” said CFO Bas Brouwers in a statement, reports Reuters.