Notice to Financial Institutions Lifting the Dividend Ban for Fiscal Year 2019-2020
Summary: BRH notice of February 22, 2021 lifting the ban on dividend distribution for fiscal year 2019-2020, on condition that each institution first obtains a no-objection from the BRH.
Key Findings
- The ban on dividend distribution for fiscal year 2019-2020 is lifted.
- The notice applies to banks, development finance companies and leasing companies.
- Each institution must request a no-objection from the BRH before its general shareholders' meeting and before distributing any dividend.
Full Description
The BRH informs banks, development finance companies and leasing companies that the ban on distributing dividends for fiscal year 2019-2020 is lifted. The ban had been imposed by a circular dated June 30, 2020. The notice adds a condition: before holding the general meeting of shareholders and before any distribution, each institution must submit a request for a no-objection to the BRH.
How to cite
Bank of the Republic of Haiti (BRH), 2021, Notice to Financial Institutions Lifting the Dividend Ban for Fiscal Year 2019-2020, https://www.brh.ht/wp-content/uploads/Avis-aux-banques-23-02-2021.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)