BRIEF-BBVA's CEO: Has "Clear Conviction" That Sabadell Transaction Will Go Through

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Oct 31 (Reuters) - Chief Executive Officer Of Spain's BBVA BBVA.MC, Onur Genc:

SAYS BANK IS AWAITING THE FINAL REGULATORY APPROVALS FOR SABADELL BID
HAS "A CLEAR CONVICTION" THAT SABADELL TRANSACTION WILL GO THROUGH
CONFIRMS CONVICTION SABADELL DEAL IS A "VALUE CREATING" TRANSACTION FOR "OUR SHAREHOLDERS" AND FOR ALL STAKEHOLDERS INVOLVED
REMAINS COMMITTED TO CONTINUE DISTRIBUTING TO SHAREHOLDERS ANY EXCESS CAPITAL ABOVE 12%, WOULD RESUME BUYBACKS AFTER COMPLETING SABADELL'S TRANSACTION
SEES ROTE IN 2025 SIMILAR TO 2024 LEVELS
SEES COST OF RISK HOVERING AROUND CURRENT LEVELS OF 112 BASIS POINTS IN TURKEY BY END 2024

Further company coverage: BBVA.MC

(Reporting By Madrid Newsroom)

((emma.pinedo@thomsonreuters.com;))

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