18
1Q09
At 31st March 2009 the BBVA Group’s capital base,
calculated according to Basel II rules, declined 0.8%
to €33,752m compared to the first quarter of 2008.
There were two reasons for this: an increase in the
capital base generated by profit in the first quarter
and a deduction of approximately €1,900m (50% in
Tier I and Tier II) owing to the classification in
January of China CITIC Bank (CNCB) as a financial
holding after BBVA’s holding rose from 9.93% to
10.07%.
Risk-weighted assets (RWA) increased to
€292,626m, a rise of 11.2% compared to the first
quarter last year (up 3.3% since the end of 2008).
The minimum resources required by BIS rules (8%
of RWA) come to €23,410m and therefore the
capital base surplus is €10,342m.
At the end of the quarter, core capital stands at
€18,604m. It increased 6.0% or €1,051m in the
quarter, explained by the profit obtained during the
Capital base (BIS II Regulation)
(Million euros)
Shareholders' funds
Adjustments
CORE CAPITAL
Preference shares
Adjustments
CAPITAL (TIER I)
Subordinated debt and other
Deductions
OTHER ELIGIBLE CAPITAL (TIER II)
CAPITAL BASE
Minimum capital requirement (BIS II Regulation)
CAPITAL SURPLUS
RISK-WEIGHTED ASSETS
BIS RATIO (%)
CORE CAPITAL (%)
TIER I (%)
TIER II (%)
Capital base
31-03-09
period. Therefore, as core capital rose more than
RWAs, the core ratio improves to 6.4% compared to
6.2% at 31st December 2008 and 6.3% at the end
of the third quarter last year.
The Tier I ratio fell 21 basis points to 7.7% during
the quarter owing to the CNCB deduction
mentioned above. Preference securities stand at
Capital base: BIS II ratio
(Percentage)
Tier II
Tier I
Core capital
31-12-08
12.9 12.2 11.5
5.2
7.8
6.3
4.3 3.8
7.9
6.2 6.4
March
December
March
2008 2008 2009
30-09-08
27,742 26,586 26,575 25,850 25,571
(9,138) (9,034) (8,754) (9,072) (9,055)
18,604 17,552 17,821 16,777 16,516
5,421 5,395 4,465 4,420 4,419
(1,532) (583) (514) (484) (475)
22,493 22,364 21,772 20,713 20,460
12,802 12,914 12,985 13,355 14,036
(1,543) (590) (520) (490) (476)
11,259 12,324 12,465 12,865 13,560
33,752 34,687 34,236 33,578 34,021
23,410 22,666 22,330 21,469 21,045
10,342 12,022 11,907 12,109 12,976
292,626 283,320 279,122 268,357 263,062
11.5 12.2 12.3 12.5 12.9
6.4 6.2 6.4 6.3 6.3
7.7 7.9 7.8 7.7 7.8
3.8 4.3 4.5 4.8 5.2
30-06-08
7.7
31-03-08
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