KUALA LUMPUR, April 27 — Affin Bank Bhd (ABB) has resolved to reclassify the proposed final dividend in respect of the 2019 financial year to an interim dividend to ensure its timely payment to shareholders amid the movement control order (MCO). At the same time, it is also revising the quantum...
Monday, 27 Apr 2020 11:06 PM MYT
At the same time, it is also revising the quantum down to five sen per share from seven sen previously to preserve the bank’s capital and liquidity. “The board, after taking into consideration the prevailing economic situation, took the prudent stance and resolved to revise the quantum of the dividend from seven sen to five sen, amounting to a dividend payable of RM99.30 million in respect of FY19,” it added.
ABB said its board aimed to continuously provide a base level of return for its shareholders with the newly classified dividend while preserving its capital and liquidity.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US will cap how much each bank can lend under emergency coronavirus programme | Malay MailWASHINGTON, April 27 — The US government notified lenders yesterday that it will cap how much each bank can lend under the emergency loan programme designed to keep workers on payrolls amid the coronavirus pandemic, hours ahead of the reopening of the lending program. The Small Business...
Read more »
Deutsche Bank says results will beat forecasts | Malay MailFRANKFURT, April 27 — Germany’s biggest lender Deutsche Bank said it expects to report a net profit of €66 million (RM311.3 million) for the first quarter, beating market forecasts. Turnover is expected to reach €6.4 billion while provisions for credit losses should amount to €500...
Read more »
RHB Bank confirms employee positive for Covid-19 | Malay MailKUALA LUMPUR, April 26 — RHB Banking Group has confirmed that one of its employees from RHB Bank — Simpang Tiga Branch in Kuching has tested positive for Covid-19. The affected employee was confirmed Covid-19 positive on April 25 and is currently under quarantine. The affected branch has been...
Read more »
Bank of Japan to expand stimulus again as pandemic pain deepens | Malay MailTOKYO, April 27 — The Bank of Japan expanded monetary stimulus today for the second straight month to ease corporate funding strains and finance huge government spending aimed at combating the deepening economic fallout from the coronavirus pandemic. The move puts the BoJ in line with other major...
Read more »
Bank of Japan expands stimulus as pandemic pain worsens | Malay MailTOKYO, April 27 — The Bank of Japan expanded monetary stimulus today and pledged to buy an unlimited amount of bonds to keep borrowing costs low, as the government tries to spend its way out of the growing economic pain from the coronavirus pandemic. The step, which follows monetary easing only a...
Read more »
Central Bank: Philippines faces U-shaped recoveryMANILA: The Philippines is poised for a U-shaped economic recovery in 2021 after a likely recession this year as the pandemic halted most of the economy since mid-March, central bank Governor Benjamin Diokno said.
Read more »