SREP Requirements
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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