April 29, 2020 / 10:08 AM / a month ago

BRIEF-Bankia Says Business Plan Of JV With Credit Agricole Will Be Delayed

April 29 (Reuters) - Chief Executive Officer of Spain’s Bankia, Jose Sevilla:

* SAYS IT IS NOT BEST MOMENT NOW FOR STATE TO FURTHER DIVEST STAKES IN BANKIA OR CONSIDER ANY ALTERNATIVES OF PRIVATIZATION

* SAYS BUSINESS PLAN OF SOYOU, JOINT VENTURE COMPANY WITH CREDIT AGRICOLE IN CONSUMER FINANCE, WILL BE DELAYED DUE TO CURRENT CIRCUMSTANCES

* EXPECTS COST OF RISK TO HOVER AROUND 60 BASIS POINTS THROUGHOUT 2020 Further company coverage: (Reporting By Madrid Newsroom)

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