Banco Bilbao Vizcaya Argentaria SA 2020 EU-wide Stress Test (1477H)
30 Julio 2021 - 11:48AM
UK Regulatory
TIDMBVA
RNS Number : 1477H
Banco Bilbao Vizcaya Argentaria SA
30 July 2021
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 2020 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 2020 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 2021. The results will assist competent authorities in
assessing BBVA's ability to meet the prudential requirements under
stressed scenarios based on a common methodology and
assumptions.
The adverse stress test scenario was set by the ECB and the ESRB
covering a three-year time horizon (2021-2023) and the stress test
scenario has been carried out applying a static balance sheet
assumption as of December 31st, 2020. Therefore the stress test
scenario does not take into account business strategies and
management actions implemented after the cut-off date. As such, the
sale of BBVA USA (closed on June 1st, 2021) and the sale of BBVA
Paraguay (closed on January 22nd, 2021) were not considered by the
exercise.
BBVA's results are summarized below:
-- Under the adverse scenario, BBVA's CET1 fully loaded ratio as
of December 31st 2023 decreases 3.03 percentage points to
8.69%.
-- Under the baseline scenario, BBVA's CET1 fully loaded ratio
increases 1.28 percentage points to 13% as of December 31st
2023.
Further information is available on the EBA website (
www.eba.europa.eu ).
Madrid, July 30th 2021
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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END
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