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Norway banks should retain much of 2016 profits -regulator
November 30, 2016 / 9:36 AM / in a year

Norway banks should retain much of 2016 profits -regulator

OSLO, Nov 30 (Reuters) - Norwegian banks should retain a significant part of their profits because of economic uncertainty, the country’s Financial Supervisory Authority (FSA) said in a statement on Wednesday.

“It’s the FSA’s assessment that banks, as a result of uncertainty regarding the economy, should safeguard their solidity by retaining a significant part of this year’s profits,” the agency’s Director General Morten Baltzersen said. (Reporting by Terje Solsvik, editing by Alister Doyle)

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