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Several Spanish banks disclose capital requirements for 2018

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Several Spanish banks disclose capital requirements for 2018

A number of Spanish banks disclosed their capital requirements for 2018 under the European Central Bank's annual supervisory review and evaluation process.

Banco Bilbao Vizcaya Argentaria SA will need to maintain a phased-in total capital ratio of at least 11.94% and a fully loaded total capital ratio of 12.75% on a consolidated basis from Jan. 1, 2018. Its phased-in common equity Tier 1 ratio will need to be at least 8.44%.

CaixaBank SA's total capital ratio will need to be at least 11.56% on a phased-in basis and 12.25% on a fully loaded basis from the beginning of 2018, while its phased-in and fully loaded CET1 ratios must be no lower than 8.06% and 8.75%, respectively. Unicaja Banco SA's phased-in total capital and CET1 ratios will need to be at least 11.63% and 8.13%.

Bankia SA will need to maintain phased-in and fully loaded total capital ratios of at least 12.06% and 12.75%, respectively, and CET1 ratios of 8.56% and 9.25%. Its majority shareholder, BFA Sociedad Tenedora de Acciones SAU, is required to maintain the same phased-in capital ratios.

All the banks are well above their 2018 requirements as of Sept. 30, 2017, with BBVA reporting a phased-in CET1 ratio of 11.88% and total capital ratio of 15.66%; CaixaBank having phased-in CET1 and total capital ratios of 12.7% and 16.2%, respectively; Bankia recording 15.81% and 18.75%; and Unicaja Banco recording 14.1% and 14.6%.

On a fully loaded basis, CaixaBank, Bankia and Unicaja Banco reported respective CET1 ratios of 11.7%, 14.16% and 12.5%, while their respective total capital ratios stood at 15.8%, 17.18% and 13.0%.