20
GROUP INFORMATION 3Q09
Capital base
convertible bonds contributed 70 basis points. And
second, profit earned during the period provided a
further 20 basis points, and therefore, the accumulated
organic contribution year to date is 110 basis points
and already exceeds the level expected for the whole
year.
Core capital generation
BIS II (Percentage)
6.2 0.3
The TIER I ratio includes preference shares, a
deduction for financial participations greater than
10% and a deduction for insurance-company holdings
greater than 20% (these deductions are split equally
between Tier I and Tier II). After considering the
adjustments, the ratio rose one percentage point in the
quarter to 9.4% for the above reasons. Tier I capital
stands at €27,226m.
Organic generation
0.7
0.6 0.2
December 1Q09 2Q09 3Q09 Convertible September
2008 bonds 2009
Ratings
Moody’s
Fitch
Standard & Poor’s
8.0
Capital base: BIS II ratio
(Percentage)
Tier II
Tier I
Core capital
12.5
4.4
8.1
6.7
September
2008
12.2
4.3
7.9
6.2
December
2008
Other eligible capital (TIER II), which mainly consists
of subordinated debt, eligible latent capital gains and
generic provisions in excess of the limits defined in the
rules, amounted to €11,778m and therefore the Tier II
ratio is 4.1%. This complementary capital rose 0.2%
during the quarter owing mainly to increases in
loan-loss provisions and eligible latent capital gains.
As a result, the BIS ratio at the end of September 2009
was 13.4%, an increase of 1.1% compared to the end
of the previous quarter.
Ratings
BBVA remains one of the financial entities with
superior ratings.
Long term Short term
Financial strength Outlook
Aa2 P-1 B- Negative
AA- F-1+ A/B Positive
AA A-1+ - Negative
11.5
3.8
7.8
6.5
March
2009
12.3
3.9
8.4
7.1
June
2009
13.4
4.1
9.4
8.0
September
2009
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