On 14 December 2023, KNF has decided on the dividend payment politics for the following financial institutions:
– Commercial Banks
– Cooperative Banks
– Insurance firms
– Investment fund companies
– Commercial pension companies
– Brokers
The document lists out recommendations and calculation methodology based on 2023 results. Each financial institution, depending on the structure and the year-end’s profit, will receive a separate document from KNF with the details, additionally to the details listed out in this position.
Details of the criteria can be found in the original document.
Other Features
banks
broker
companies
consumer protection
dividends
financial stability
fund management
insurance
own funds
payment services
pension funds
risk
Date Published: 2023-12-14
Regulatory Framework: NA
Regulatory Type: opinion
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