By Pietro Lombardi 
 

Banco Bilbao Vizcaya Argentaria SA said Friday that it expects its cost of risk to decline next year from this year's level.

The Spanish bank also sees core revenue growing at constant euros, while cost control will be a priority for management, it said in a presentation of third-quarter results.

Cost of risk is a measure of risk level of business activities, which compares provisions to cover potential loan losses with the volume of outstanding loan.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

 

(END) Dow Jones Newswires

October 30, 2020 05:10 ET (09:10 GMT)

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