Private bank EFG International has said it will press ahead with paying a shareholder dividend, joining other Swiss peers.

Banks in other European nations, the UK, and New Zealand have been asked by regulators to withhold any unpaid dividends form their most recent reporting periods, as a means of shoring up balance sheets amidst the Covid-19 pandemic.

EFG said today that it would pay a dividend of CHF 0.30 per ordinary share - unchanged from last year.

The Swiss regulator, FINMA, has not banned dividends outright but said management should "consider carefully" whether they ought to be paid.

As previ...