BBVA Receives Updated MREL from Bank of Spain
Why we think this is neutral
The RNS announcement is about BBVA receiving an updated MREL from the Bank of Spain, which does not fall into any of the mandatory news types. As a result, the sentiment score is set to 'NEUTRAL'.
Key Points
- BBVA must keep a volume of own funds and eligible liabilities representing at least 23.13% of the total RWAs of its resolution group, on a sub-consolidated level
- BBVA must keep a volume of own funds and eligible liabilities in terms of total exposure considered for the leverage ratio of 8.59%
- The current structure of own funds and eligible liabilities of the resolution group complies with the new MREL requirements
Summary
The financial services company has received a new communication from the Bank of Spain regarding the determination of its Minimum Requirement for own funds and Eligible Liabilities (MREL).
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has received a new communication from the Bank of Spain regarding the determination of its Minimum Requirement for own funds and Eligible Liabilities (MREL), set by the Single Resolution Board (SRB). The new MREL requirements include a 23.13% of total risk-weighted assets (RWAs) and a 8.59% of total exposure considered for the leverage ratio purposes.
GENERAL UPDATE