23 Jul 2010 18:12
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Banco Bilbao Vizcaya Argentaria, S.A.(BBVA), pursuant to the provisions of the Spanish Securities Market Act, hereby proceeds by means of the present document to notify the following:
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RELEVANT INFORMATION
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The results of the stress tests of European financial institutions were published today, a process headed by CESB in coordination with the European Central Bank and - in the case of Spanish entities - with the Bank of Spain.
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The test results pertaining to BBVA are attached to this relevant event in the format published by the supervisors. They confirm BBVAΒ΄s ability to face adverse macroeconomic situations while maintaining its solvency levels, placing BBVA as one of the most solvent entities in the European banking sector.
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The results show that in the worst case scenario for the year 2011 - which includes the additional impact of an eventual sovereign risk crisis - BBVA would basically maintain the same Tier 1 capital ratio that it had at the end of year 2009.
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One of BBVA's core strengths is to have a business model with the ability to generate operational results even in the more adverse scenarios; a business model that entails recurrent and sustainable profits and shows superior profitability over assets.
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To view the full document, please paste the following URL into the address bar of your browser.
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http://www.rns-pdf.londonstockexchange.com/rns/8771P_-2010-7-23.pdf
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Madrid, July 23, 2010
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