BBVA Expects Lower Cost of Risk Next Year
October 30 2020 - 5:25AM
Dow Jones News
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)
Copyright (c) 2020 Dow Jones & Company, Inc.
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