East European banks could pay Basle II dividend

BASLE II UPDATE

PRAGUE -- Major east European banks could take advantage of the Basle II bank capital adequacy accord to reduce their high levels of capital charges through paying higher dividends, a senior Czech banker said in April.

"We need slightly more capital than is necessary according to [the Basle II guidelines], but we are above the conservative 10--12% level [appropriate for the region]," said Pavel Kavanek, head of the Czech banking association, as reported by the news agency Reuters.

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