REG - Banco Bil.Viz.Argent - 2023 EBA Stress Test

Banco Bilbao Vizcaya Argentaria SAAnnouncement

28/07/2023 18:30

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RNS Number : 6322H  Banco Bilbao Vizcaya Argentaria SA  28 July 2023

 

 

 

 

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

OTHER RELEVANT INFORMATION

BBVA has been subject to the 2023 EU-wide Stress Test conducted by the
European Banking Authority (EBA), in cooperation with the European Central
Bank (ECB) and the European Systemic Risk Board (ESRB).

The 2023 EU-wide Stress Test does not contain a pass/fail threshold, instead
it is designed to be used as an important source of information for the
Supervisory Review and Evaluation Process (SREP) in 2023. The results allow
competent authorities to assess BBVA's ability to meet the regulatory capital
requirements under stressed scenarios based on common methodological
assumptions.

The adverse stress test scenario was set by the ECB and the ESRB covering a
three-year time horizon (2023-2025) and the stress test scenario has been
carried out applying a static balance sheet assumption as of December 31st,
2022. Therefore the stress test scenario does not take into account business
strategies and management actions implemented after the cut-off date.

BBVA's results are summarized below:

●    Under the baseline scenario, BBVA's CET1 fully loaded ratio would
increase by 3.26 percentage points from December 31st 2022, reaching a maximum
level of 15.87% as of December 31st 2025.

●    Under the adverse scenario, BBVA's CET1 fully loaded ratio would be
reduced by 2.95 percentage points from December 31st 2022, reaching a minimum
level of 9.66% as of December 31st 2025.

Further information is available on the EBA website (www.eba.europa.eu
(http://www.eba.europa.eu) )

Madrid, July 28th 2023

 

 

Note: The stress test exercise information is provided in the accompanying
disclosure tables based on the common format provided by the EBA. The
EU-stress test exercise and its results are not a forecast of BBVA profits.

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