Bloomberg Finland’s financial watchdog is trying to figure out how to respond after a lender it oversees explicitly disregarded European Central Bank’s (ECB) guidelines on shareholder rewards. The decision by Alandsbanken Abp, announced on January 1, to pay almost four times the dividend cap set by the ECB is “unfortunate,” Jyri Helenius, head of banking supervision at the Finnish Financial ...

Bloomberg Poland’s central bank moved to weaken the zloty for the first time in a decade, delivering on a warning that it won’t tolerate a stronger currency as the economy tries to recover from the Covid-19 pandemic. Sales by the bank helped push the zloty down by as much as 1.7% against the euro in low-volume trading. The step comes ...

Bloomberg Egypt’s central bank has extended two debt relief initiatives for another 6 months which were launched earlier to help companies and tourism firms struggling as a result of the coronavirus’ impact on the economy. In a statement, the regulator said the move affects companies with bank debt of less than 10 million Egyptian pounds and tourism firms with debts ...