Banco Bilbao Vizcaya Argentaria SA SREP Capital Requirements 2024 (3043V)

TIDMBVA

RNS Number : 3043V

Banco Bilbao Vizcaya Argentaria SA

30 November 2023

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in accordance with the provisions of the Securities Market legislation, hereby communicates the following:

INSIDE INFORMATION

As a result of the Supervisory Review and Evaluation Process (SREP), the European Central Bank ("ECB") has communicated to BBVA the minimum capital requirements for the year 2024.

BBVA shall maintain at consolidated level a total capital ratio of 13.25% and a CET1 capital ratio of 9.09% as of January 1, 2024. These capital ratios include a Pillar 2 requirement at a consolidated level of 1.68%, of which 0.18% ([1]) is determined on the basis of the ECB's prudential provisioning expectations. Of this Pillar 2 requirement of 1.68% at the consolidated level, a minimum of 1.02% shall be met with CET1 ([2]) .

In addition, BBVA shall maintain, as of January 1, 2024 at the individual level, a total capital ratio of 12.10% and a CET1 capital ratio of 7.94%. These ratios include a Pillar 2 requirement at the individual level of 1.5%, of which at least 0.84% shall be met with CET1.

Below is a table summarizing the minimum regulatory capital requirements applicable to BBVA at both the consolidated and individual level:

 
Capital requirements          BBVA Consolidated     BBVA S.A. (individual) 
                             CET 1  Total capital   CET 1    Total capital 
                             -----  -------------  -------  --------------- 
Pillar 1                     4.50%          8.00%    4.50%            8.00% 
                             -----  -------------  -------  --------------- 
Pillar 2 (P2R)               1.02%          1.68%    0.84%            1.50% 
                             -----  -------------  -------  --------------- 
Conservation buffer          2.50%          2.50%    2.50%            2.50% 
                             -----  -------------  -------  --------------- 
Other Systemic Important 
 Institution buffer (2)      1.00%          1.00%       0%               0% 
                             -----  -------------  -------  --------------- 
Countercyclical buffer 
 (3)                         0.07%          0.07%    0.10%            0.10% 
                             -----  -------------  -------  --------------- 
Total capital requirements   9.09%         13.25%    7.94%           12.10% 
                             -----  -------------  -------  ---------------

Madrid, November 30th, 2023

([1]) This 0.18% determined on the basis of the ECB's prudential provisioning expectations shall be met with CET1.

([2]) Includes the 0.18% determined on the basis of the ECB's prudential provisioning expectations.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBMBLTMTJJBTJ

(END) Dow Jones Newswires

December 01, 2023 02:00 ET (07:00 GMT)

Banco Bilbao Vizcaya Arg... (LSE:0A2B)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024