Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 55

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 55
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 regulations and internal corporate governance obligations.

As a result of the most recent Supervisory Review and Evaluation Process (SREP) carried out by the ECB, BBVA must maintain, at a consolidated level, as from January 1, 2025, a CET1 capital ratio of 9.13% and a total capital ratio of 13.29%. The consolidated total capital requirement includes: (i) the “Pillar 1” capital requirement (8.00%), of which a minimum of 4.50% must be met with CET1 capital, 1.50% could be met with AT1 instruments and 2.00% could be met with Tier 2 instruments; (ii) the “Pillar 2” capital requirement (1.68%), of which a minimum of 1.02% must be met with CET1 capital (of which 0.18% is determined on the basis of the ECB’s prudential provisioning expectation), 0.28% could be met with AT1 instruments and 0.38% could be met with Tier 2 instruments; (iii) the capital conservation buffer (2.50% that must be met exclusively with CET1 capital); (iv) the D-SIB capital buffer (1.00% that must be met exclusively with CET1 capital); and (v) the capital buffer for Countercyclical Risk (0.11% that must be met exclusively with CET1 capital). In addition, the Systemic Risk buffer is 0.00%.

BBVA Group’s CET1 ratio 2 stood at 13.09% as of March 31, 2025, which represents an increase of 21 basis points compared to December 31, 2024 mainly due to the profit of the BBVA Group recorded during the three months ended March 31, 2025. The entry into force of the new CRR III regulation had no significant impact on this ratio.

Risk-weighted assets (RWA) increased in the three months ended March 31, 2025 by approximately €884 million, mainly as a result of the increase in commercial loans and, to a lesser extent, the increase in debt securities, partially offset mainly by the depreciation of the currencies of the main countries where the Group operates, except for the Colombian peso. See “―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”.

2 A s of March 31, 202