BBVA CESB stress test results
Banco Bilbao Vizcaya Argentaria, S.A.(BBVA), pursuant to the provisions of the Spanish Securities Market Act, hereby proceeds by means of the present document to notify the following:
RELEVANT INFORMATION
The results of the stress tests of European financial institutions were published today, a process headed by CESB in coordination with the European Central Bank and - in the case of Spanish entities - with the Bank of Spain.
The test results pertaining to BBVA are attached to this relevant event in the format published by the supervisors. They confirm BBVA´s ability to face adverse macroeconomic situations while maintaining its solvency levels, placing BBVA as one of the most solvent entities in the European banking sector.
The results show that in the worst case scenario for the year 2011 - which includes the additional impact of an eventual sovereign risk crisis - BBVA would basically maintain the same Tier 1 capital ratio that it had at the end of year 2009.
One of BBVA's core strengths is to have a business model with the ability to generate operational results even in the more adverse scenarios; a business model that entails recurrent and sustainable profits and shows superior profitability over assets.
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http://www.rns-pdf.londonstockexchange.com/rns/8771P_-2010-7-23.pdf
Madrid, July 23, 2010
This information is provided by RNS
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