Banco Bilbao Vizcaya Argentaria SA SREP Capital Requirements 2020 (8409V)
05 Diciembre 2019 - 05:48AM
UK Regulatory
TIDMBVA
RNS Number : 8409V
Banco Bilbao Vizcaya Argentaria SA
05 December 2019
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
PRICE SENSITIVE 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 from the ECB that includes the requirement
for BBVA to maintain, from January 1, 2020 on a consolidated basis,
a CET1 capital ratio of 9.27% and a total capital ratio of
12.77%.
This total capital requirement at consolidated level includes:
i) a Pillar 1 requirement of 8% that should be fulfilled by a
minimum of 4.5% of CET1; ii) a Pillar 2 requirement of 1.5% of CET1
that remains at the same level as the one included in the previous
SREP decision; iii) a Capital Conservation buffer of 2.5% of CET1;
iv) the Other Systemic Important Institution buffer (OSII) of 0.75%
of CET1; and v) the Countercyclical Capital buffer 0.02% of
CET1.
Additionally, the ECB communication includes the requirement for
BBVA to maintain, from January 1, 2020 on an individual basis, a
CET1 capital ratio of 8.53% and a total capital ratio of
12.03%([1]) .
On a consolidated and individual basis, the ECB Pillar 2
requirement remains at the same level as the one established in the
last SREP decision, being the sole difference the evolution of the
Countercyclical Capital buffer of 0.01% approximately.
As of September 30, 2019, BBVA holds, on a consolidated and
phased-in basis, a CET1 capital ratio of 11.80% and a total capital
ratio of 16.22%. On a fully loaded basis, CET1 capital ratio stands
at 11.56% and total capital ratio at 15.71%.
As of September 30, 2019, BBVA holds, on an individual and
phase-in basis, a CET1 capital ratio of 15.96% and a total capital
ratio of 21.20%. On a fully loaded basis, CET1 ratio capital stands
at 15.69% and total capital at 20.75%.
As in the latest SREP exercise, BBVA consolidated and individual
current capital ratios stand above applicable regulatory
requirements. Therefore, these requirements do not imply the
trigger of any regulatory restriction or limitation on payments of
dividends, variable remuneration and payments of interest to
holders of AT1 capital instruments.
Madrid, December 4, 2019
([1]) It includes a Countercyclical Capital buffer, applicable
as of September 30th 2019 of 0.02% CET1 on a consolidated basis
(0.03% on an individual basis)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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