The capital a bank holds is one of the metrics most closely watched by investors, ratings agencies and regulators in times of crisis like the Covid-19 pandemic.

Given the uncertain economic climate, the Monetary Authority of Singapore (MAS) has called on all locally-incorporated banks headquartered in Singapore to cap the total dividend per share for FY2020 at 60% of that of the prior year, and to offer shareholders the scrip dividend option.

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