Bankia SA (BKIA.MC)
29 May 2020
Wed, Apr 29 2020
April 29 Chief Executive Officer of Spain's Bankia, Jose Sevilla:
* Bank sets aside 125 mlns in provision to offset COVID-19 impact
April 29 Chief Financial Officer's Spain's Bankia, Leopoldo Alvear:
MADRID, April 29 Spain's Bankia on Wednesday said its first quarter net profit fell 54% to 94 million euros ($102 million) from the same period a year ago on higher provisions to offset a potential impact on its business from the coronavirus crisis.
* Bankia may not meet target to return excess capital to shareholders
MADRID, March 27 Spain's Bankia on Friday said it will revise its dividend distribution target to return 2.5 billion euros of excess capital to shareholders that was part of its three-year strategic plan to deal with the economic impact of the coronavirus.
BRIEF-Bankia Recommends Remote Voting To Its Shareholders Due To Unpredictable Evolution Of Coronavirus
* SAID ON TUESDAY IN VIEW OF THE UNPREDICTABLE EVOLUTION OF CORONAVIRUS DISEASE, BANKIA RECOMMENDS ITS SHAREHOLDERS TO USE ELECTRONIC MEANS AND TO VOTE REMOTELY, AVOIDING PHYSICAL ATTENDANCE AT THE SHAREHOLDERS' MEETING
* Bankia remains committed to 2.5 bln shareholder remuneration (Recasts story to lead on lending income forecast)
MADRID, Jan 28 Spain's state-owned lender Bankia on Tuesday reported a loss of 34 million euros ($37.7 million) in the fourth quarter of 2019 as lending income remained under pressure.