January 18, 2021
AkzoNobel proposes to acquire Tikkurila for €31.25 per share, to create superior and sustainable value for all stakeholders Akzo Nobel N.V. .
Kati Pohjanpalo, Bloomberg News A Finnish national flag flies from the City Hall building in Helsinki, Finland, on Thursday, Feb. 6, 2020. Finnish household debt has doubled in the past two decades against a backdrop of falling interest rates and the gradual obsolescence of cash as a form of payment. , Bloomberg
(Bloomberg) A small Finnish bank is explicitly disregarding European regulatory guidelines on dividends with the justification that ignoring its shareholders would be more risky in the long run.
Alandsbanken Abp said on Friday that it is âchoosing not to followâ the recommendations of the Finnish Financial Supervisory Authority and, by extension, the European Central Bank.
Bank of Åland Plc: Decision on dividend distribution for 2019
On January 1, 2021 the Board of Directors of the Bank of Åland Plc (Ålandsbanken Abp) approved the distribution of a dividend totalling EUR 1 per share (a regular dividend of EUR 0.80 and a 100th anniversary dividend of EUR 0.20) for the 2019 financial year, in compliance with the authorisation that the Board received from the Bank’s Annual General Meeting on April 2, 2020.
The record date for the dividend distribution is Tuesday, January 5, 2021. The dividend will be paid on Tuesday, January 12, 2021.
Because of the prevailing COVID-19 pandemic, on March 28, 2020 the Finnish Financial Supervisory Authority (FIN-FSA) recommended that small banks abstain from approving dividend distributions before October 1, 2020. On July 29, 2020 FIN-FSA announced that it was extending its recommendation not to make binding decisions on dividend distributions before January 1, 2021. The Bank of Åland obeyed these non-binding reco