“Some banks are concerned about the soundness of the L-shaped economic outlook”

Yoon Seok-heon “Coordination of dividend levels with financial companies… We will decide between 15-25% of net profit.”
When the economy shows an L-shaped trend that does not recover in the short term, the financial supervisory authorities analyzed that the soundness of some financial companies did not pass the standard. Financial Supervisory Commissioner Yoon Seok-heon said at an online press conference on the 23rd, “In preparation for the prolonged period of novel coronavirus infection, we conducted a stress test for each economic recovery scenario, and all banks passed the standard in the U-shape. In Esau, some companies, including financial holdings, did not pass.” The stress test is to check the soundness of financial companies for each economic outlook scenario.

Director Yoon said, “Accordingly, we will refrain from paying dividends and treasury stock purchases by holding companies and banks. We are currently adjusting the dividend level with financial companies. We plan to determine the dividend level between 15 and 25% of net profit.” The Financial Supervisory Service recommends that financial companies refrain from paying dividends in order to accumulate more money against market fluctuations.

Reporter Kim Hyung-min [email protected]