Banco Bilbao Vizcaya Argentaria SA SREP Requirements (5890A)

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RNS Number : 5890A

Banco Bilbao Vizcaya Argentaria SA

03 February 2022

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) carried out by the European Central Bank (ECB), BBVA has received a communication determining a Pillar 2 requirement of 1.5%, applicable at individual and consolidated level, of which at least 0.84% must be complied with Common Equity Tier 1 (CET1). The Pillar 2 requirement remains at the same level as determined in the previous SREP Decision.

Therefore, BBVA shall maintain, from March 1, 2022, at consolidated level, a CET1 capital ratio of 8.60% and a total capital ratio of 12.76%.

Additionally, BBVA shall maintain, from March 1, 2022, on an individual basis, a CET1 ratio of 7.85% and a total capital ratio of 12.01%.

Please find below the applicable BBVA capital regulatory requirement at consolidated and individual basis:

 
Capital requirements          BBVA Consolidated     BBVA S.A. (individual) 
                             CET 1  Capital Total   CET 1    Capital Total 
                             -----  -------------  -------  --------------- 
Pillar 1                     4.50%          8.00%    4.50%            8.00% 
                             -----  -------------  -------  --------------- 
Pillar 2 (P2R)               0.84%          1.50%    0.84%            1.50% 
                             -----  -------------  -------  --------------- 
Conservation buffer          2.50%          2.50%    2.50%            2.50% 
                             -----  -------------  -------  --------------- 
Other Systemic Important 
 Institution buffer          0.75%          0.75%       0%               0% 
                             -----  -------------  -------  --------------- 
Countercyclical buffer       0.01%          0.01%    0.01%            0.01% 
                             -----  -------------  -------  --------------- 
Total capital requirements   8.60%         12.76%    7.85%           12.01% 
                             -----  -------------  -------  --------------- 
 

Madrid, February 3rd, 2022

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February 03, 2022 02:10 ET (07:10 GMT)