Banco Bilbao Vizcaya Argentaria SA SREP Capital Requirements 2018 (2908Z)
December 13 2017 - 11:35AM
UK Regulatory
TIDMBVA
RNS Number : 2908Z
Banco Bilbao Vizcaya Argentaria SA
13 December 2017
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
RELEVANT 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 requiring BBVA to maintain,
on a consolidated basis, effective from the 1st of January 2018, a
phased-in total capital ratio of 11.938%.
This total capital requirement includes: i) the minimum CET1
capital ratio required under Pillar 1 (4.5%); ii) Pillar 1
Additional Tier 1 (AT1) capital requirements (1.5%); iii) Pillar 1
Tier 2 capital requirements (2%); iv) Pillar 2 CET1 capital
requirement (1.5%) that remains at the same level as last year; v)
the capital conservation buffer (CCB)([1]) (1.875% CET1) and vi)
the Other Systemic Important Institution buffer (OSII)([2]) (0.563%
CET1).
On an individual basis, the ECB requires BBVA to maintain,
effective from the 1st of January 2018, a phased-in total capital
ratio of 11.375%.
On a fully loaded basis, the requirement remains stable compare
to the 2017 one, both at a consolidated and individual level
(12.75% and 12%, respectively).
As of 30th September 2017, phased-in total capital ratios stand
at 15.66% on a consolidated basis and 22.59% on an individual
basis.
The CET1 requirement included in the ECB communication, on
phased-in terms, stands at 8.438% on a consolidated basis and
7.875% on an individual basis.
As of 30th September 2017, BBVA holds a CET1 phased-in capital
ratio of 11.88% on a consolidated basis and 17.62% on an individual
basis.
BBVA consolidated and individual current capital ratios are
significantly above ECB regulatory requirements and, therefore, 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, 13th December 2017
([1]) The Capital Conservation Buffer (CCB) stands, in fully
loaded terms, at 2.5% CET1. The amount to be applicable in 2017
will be 75% of that buffer (i.e. 1.875%).
([2]) The Other Systemic Important Institution buffer (OSII)
stands, in fully loaded terms, at 0.75% CET1. The amount to be
applicable in 2018 will be 75% of that buffer (i.e. 0.563%).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCTJBRTMBJBBJR
(END) Dow Jones Newswires
December 13, 2017 12:35 ET (17:35 GMT)
Banco Bilbao Vizcaya Arg... (LSE:BVA)
Historical Stock Chart
From Apr 2024 to May 2024
Banco Bilbao Vizcaya Arg... (LSE:BVA)
Historical Stock Chart
From May 2023 to May 2024