Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in accordance with the provisions of the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
As a result of the Supervisory Review and Evaluation Process (SREP), the European Central Bank (“ECB”) has communicated to BBVA the minimum capital requirements for the year 2027.
In this regard, BBVA shall maintain at consolidated level a total capital ratio of 13.60% and a CET1 capital ratio of 9.36% effective from January 1, 2027. These capital ratios include a Pillar 2 requirement at a consolidated level of 1.70%, of which a minimum of 0.96% shall be met with CET11.
In addition, BBVA shall maintain, effective from January 1, 2027 at the individual level, a total capital ratio of 11.25% and a CET1 capital ratio of 7.75%.
Below is a table summarizing the minimum regulatory capital requirements applicable to BBVA at both the consolidated and individual level:
| Capital requirements |
BBVA Consolidated
|
BBVA S.A. (individual) | ||||||
|
CET 1 |
Total capital |
CET 1 |
Total capital | |||||
|
Pillar 1 |
4.50% | 8.00% | 4.50% | 8.00% | ||||
|
Pillar 2 (P2R) |
0.96% | 1.70% | N/A | N/A | ||||
|
Conservation buffer |
2.50% | 2.50% | 2.50% | 2.50% | ||||
|
Other Systemic Important Institution buffer |
1.00% | 1.00% | N/A | N/A | ||||
|
Systemic Risk buffer |
0.01% | 0.01% | 0.02% | 0.02% | ||||
|
Countercyclical buffer2 |
0.39% | 0.39% | 0.73% | 0.73% | ||||
|
Total capital requirements |
9.36% | 13.60% | 7.75% | 11.25% | ||||
Madrid, October 26th, 2026
1 The general Pillar 2 requirement increases from 1.50% to 1.70% compared with the previous year, while the additional 0.12% requirement associated with the ECB’s prudential provisioning expectations, which had to be met entirely with CET1 capital, is no longer applicable.
2 The countercyclical buffer is estimated as of December 2026, using the outstanding exposures as of June 2026.