Eurozone banks have enough to withstand Covid-19 crisis but don't pay dividends yet, says IMF

“While the pandemic will significantly deplete banks’ capital, their buffers are sufficiently large to withstand the likely impact of the crisis,” the IMF said in a study.
Eurozone banks have enough capital to withstand the impact of the Covid-19 pandemic and finance the economic recovery, even though they are highly exposed to sectors hard hit by the coronavirus, the IMF has said.
However, the fund also said restrictions on them paying out dividends and share buy-backs should be maintained until the recovery was well underway.