Lombard Bank Malta plc - Postponement of Dividend

On 7 April 2020, Lombard Bank Malta plc announced that in view of the recommendation put forward by the European Central Bank on 27 March 2020 on dividend distributions applicable to all European banks, as well as the Malta Financial Services Authority Circular dated 2 April 2020, it has decided to retain its original recommendation for a net dividend of €0.0455 per share subject that payment will not occur earlier than 1 October 2020, and also that the recommended dividend distribution be reassessed once the situation due to the ‘COVID-19’ pandemic is no longer uncertain.

Lombard also added that while it continues to closely monitor developments and any potential impact, it remains confident that it has in place robust financial fundamentals, proper technical resources and a competent staff complement which will enable it to meet any challenges that the pandemic may present.

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