BRIEF-Unicaja Expects NII To Bottom Out In Fourth Quarter
Nov 3 (Reuters) - Investors' Relations officer of Spain's Unicaja, Juan Pablo Lopez:
* EXPECTS NET INTEREST INCOME TO BOTTOM OUT IN FOURTH QUARTER, AND TO GRADUALLY RECOVER AFTERWARDS
* SAYS WILL START TO CHARGE FOR SOME DEPOSITS AS BANK IS LOSING MONEY
* "OUR LIQUIDITY POSITION IS VERY STRONG. THAT'S THE STARTING POINT HERE. THEN WE'VE GOT 9 BLN IN DEPOSITS FROM THE PUBLIC SECTOR AND 12 BLN FROM CORPORATES. IT'S ALMOST 21 BILLION TOGETHER. WE ARE CHARGING 14% FOR THIS DEPOSITS AND WE ARE CHARGING A RELATIVELY LOW RATE, 20 BPS. THE GOOD NEWS IS THAT WE HAVE ROOM TO IMPROVE HERE. ACTUALLY WE ARE TAKING MEASURES ALREADY THAT WE EXPECT TO BE VISIBLE IN THE Q4".
* CEO, MANUEL MENENDEZ, SAYS IS NOT CONSIDERING RELEASING ANY PROVISIONS FOR NOW
* CEO SAYS HAS NOT DECIDED YET THE MIX OF FUTURE 50% PAY-OUT DIVIDEND POLICY, SHARE BUY-BACKS WERE PART OF UNICAJA'S POLICY Source text for Eikon: Further company coverage: (Reporting By Madrid Newsroom)
