REG - Banco Bil.Viz.Argent - BBVA Receives Updated MREL from Bank of Spain

Banco Bilbao Vizcaya Argentaria SAAnnouncement

12/06/2025 18:31

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RNS Number : 6779M  Banco Bilbao Vizcaya Argentaria SA  12 June 2025

 

 

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

 

 

OTHER RELEVANT INFORMATION

 

 

As of today, BBVA has received a new communication from the Bank of Spain
regarding the determination of its Minimum Requirement for own funds and
Eligible Liabilities ("MREL"), set by the Single Resolution Board ("SRB"),
which is applicable from the date of its receipt and which has been calculated
taking into account the financial and supervisory information as of December
31, 2023. This new communication repeals and supersedes the previous
communication, which content was communicated to the market through an Inside
Information notice published on March 27, 2024 (with registration number
2188).

 

In accordance with the communication received, BBVA must keep a volume of own
funds and eligible liabilities representing at least a 23.13% of the total
risk-weighted assets ("RWAs") of its resolution group, on a sub
consolidated(( 1 )) level (the "MREL in RWAs"), of which 13.50% of the RWAs of
its resolution group should be met with subordinated instruments (the
"subordination requirement in RWAs").

 

Additionally, BBVA must keep a volume of own funds and eligible liabilities in
terms of total exposure considered for the purposes of calculating the
leverage ratio of the 8.59% (the "MREL in LR"), of which 5.66% in terms of
total exposure considered for the purposes of calculating the leverage ratio
should be fulfilled with subordinated instruments (the "subordination
requirement in LR").

 

The MREL in RWAs and the subordination requirement in RWAs do not include the
combined capital buffer requirement applicable which, in accordance with
current regulations and supervisory criteria, would stand at 3.65%.

 

The current structure of own funds and eligible liabilities of the resolution
group complies with the MREL in RWAs, with the MREL in LR, with the
subordination requirement in RWAs and with the subordination requirement in
LR.

 

 

 

Madrid, June 12, 2025

(( 1 )) In accordance with the MPE resolution strategy ("Multiple Point of
Entry") of BBVA Group, as established by the SRB, the resolution group
consists of Banco Bilbao Vizcaya Argentaria, S.A. and subsidiaries belonging
to the same European resolution group. As of December 31, 2023, the RWAs of
the resolution group amounted to 214,757 million euros and the total exposure
considered for calculating the leverage ratio amounted to 517,470 million
euros.

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