2010.09.2005:36:00UTC+00European Banks set to hike dividend in post-Basel III

News

• Dividends from Europe's banks could rise especially from banks like SEB, Swedbank and Unicredit MIB which positively surprised the markets. Barclays Capital

Quotes

• "In the four years pre-crisis, the sector paid dividends of 131 billion euros yet only generated free cash flow of 52 billion euros; over the next four years, we estimate free cash flows of 213 billion euros and dividends of 107 billion euros," Anlyst at Barclays Capital

Background

• Some banks which conserved capital in recent year should be able to distribute surplus cash in the form of dividends.
• Other Banks which may give positive surprises are  UBS, Stan-chart, Soc-Gen, BNP Paribas, HSBC and BBVA