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BGC Partners: Food for Thought: Why no dividends from banks?
For the first time since the 2002-03 period in the aftermath of the Turkish banking system crisis, it looks like Turkish banks will not be able to distribute any cash dividends in 2019. We should note that even during the 2008-09 global crisis episode, many of the Tier-I banks were able to distribute close to 20% of earnings. It had been reported by Bloomberg and later confirmed by bank managements that the BRSA had sent a document to banks back in November 2018 stating that capitals should be maintained to weather the negative impact of financial market volatility and that they could allow dividend payments only if consolidated CET1 ratios are above 12%.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Cagdas Dogan
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