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BRIEF-Spain's Banco Popular is in no position to pay dividends - chairman
April 10, 2017 / 11:56 AM / 7 months ago

BRIEF-Spain's Banco Popular is in no position to pay dividends - chairman

April 10 (Reuters) - Chairman of Spain’s Banco Popular :

* Says bank is in no position right now to pay dividends and is short of capital

* “If there was any doubt, the bank is in no position to pay dividends. The bank is short of capital,” Chairman Emilio Saracho told shareholders in Madrid.

* Earlier, Saracho said Popular was set to raise more capital and a merger was a possibility. Further company coverage: (Reporting By Madrid Newsroom)

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