European banks plan to pay out about €70 billion ($77 billion) after a lucrative year, according to their top regulator.
“Banks have been particularly profitable, they’re planning distributions which are in line with previous years,” Andrea Enria, who leads the European Central Bank‘s oversight arm, said in an interview with Bloomberg TV. The figure is “tentative” and “very preliminary,” he added.
Read More : European Banks Set to Distribute €70 Billion to Investors, According to Enria