Inactive Instrument

Bankia

BKIA

ES0113307062

Bankia S A : Expects Lower COVID-19 Related Provisions In Fourth Quarter

October 28, 2020 at 04:30 am EDT

Oct 28 (Reuters) - Chief Financial Officer Of Spain's Bankia , Leopoldo Alvear:

* EXPECTS LOWER COVID-19 RELATED PROVISIONS IN FOURTH QUARTER VERSUS THIRD QUARTER Source text for Eikon: Further company coverage: (Reporting By Madrid Newsroom)

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Bankia, S.A. is a banking group organized around three areas of activity: - retail banking (63.5% of Net Interest Income): sales of standard and specialized banking products (consumer credit, insurance, etc.); - business banking (19.7%); - other (16.8%). At the end of 2019, the group was managing EUR 124.8 billion in current deposits and EUR 117.4 billion in current loans. Products and services are marketed via a network of 2,275 branches located in Spain.

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ES0113307062

Bankia S A : Expects Lower COVID-19 Related Provisions In Fourth Quarter

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