REG - Banco Bil.Viz.Argent - SREP Capital Requirements 2024

Banco Bilbao Vizcaya Argentaria SAAnnouncement

01/12/2023 07:00

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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  (#_ftn1) )) 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  (#_ftn2)
)).

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  (#_ftnref1) )) This 0.18% determined on the basis of the ECB's
prudential provisioning expectations shall be met with CET1.

(( 2  (#_ftnref2) )) Includes the 0.18% determined on the basis of the ECB's
prudential provisioning expectations.

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