for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

New Zealand central bank eases restrictions on bank dividends

March 31 (Reuters) - The Reserve Bank of New Zealand said on Wednesday it was easing dividend restrictions placed on retail banks at the height of the COVID-19 pandemic due to a stronger-than-expected rebound in the economy.

The changes will allow banks to pay up to a maximum of 50% of their earnings in dividends, with the 50% dividend restriction to remain in place until July 1, 2022, the central bank said in a statement. (Reporting by Rashmi Ashok in Bengaluru; Editing by Anil D’Silva)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up