20
| 1Q10 | BBVA Group highlights | Group information | Risk and economic capital management | Business areas | Corporate responsibility |
CAPITAL BASE
The BBVA Group’s eligible capital base, calculated
according to the BIS II regulation, stands at
€39,435m, the same level as in December 2009.
Moreover, we should note that its quality has
improved, as the weight of Tier I capital increased
with the decrease of Tier II capital.
Risk-weighted assets (RWA) stand at €294,336m for
a year-on-year decrease of 1.3% due to the
containment of activity. A 1.1% increase was seen in
the quarter, which is basically explained by the
generalized appreciation of the currencies that bear
an impact on BBVA’s financial statements which
compensates for the containment of the period’s
lending activity as well as for the devaluation of the
Venezuelan bolivar.
The minimum capital requirement (8% of RWA)
Capital base (BIS II Regulation)
(Million euros)
Shareholders' funds
Adjustments
Mandatory convertible bonds
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 (%)
Relevant events
Earnings
Business activity
Capital base
The BBVA share
therefore comes to €23,547m and the capital base
surplus stands at €15,888m. Therefore, the Group
has 67.5% more capital than the minimum required
levels.
Core capital as of 31-Mar-2010 came to €23,908m,
31-03-10 31-12-09
30-09-09
30-06-09
31-03-09
29,805 29,362 29,997 29,383 27,742
(7,897) (8,171) (8,642) (8,625) (8,456)
2,000 2,000 2,000
23,908 23,191 23,355 20,758 19,286
5,153 5,129 5,398 5,433 5,421
(1,194) (1,066) (1,527) (1,525) (1,532)
27,867 27,254 27,226 24,666 23,175
12,762 13,251 13,304 12,880 12,802
(1,194) (1,065) (1,527) (1,539) (1,543)
11,568 12,186 11,778 11,340 11,259
39,435 39,440 39,004 36,006 34,434
23,547 23,282 23,242 23,493 23,861
15,888 16,158 15,762 12,513 10,573
294,336 291,026 290,521 293,661 298,261
13.4 13.6 13.4 12.3 11.5
8.1 8.0 8.0 7.1 6.5
9.5 9.4 9.4 8.4 7.8
3.9 4.2 4.1 3.9 3.8
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