BBVA Files March 2024 6-K Report

TL;DR

BBVA filed its monthly 6-K report on 3/27/24, standard procedure for foreign issuers.

AI Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a Form 6-K on March 27, 2024, to report information for the month of March 2024. The filing is a report of a foreign issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. BBVA is incorporated in Spain and its principal executive offices are located in Madrid.

Why It Matters

This filing provides routine updates for foreign issuers, informing investors about the company's ongoing reporting obligations and activities.

Risk Assessment

Risk Level: low — This filing is a routine report of a foreign issuer and does not contain specific financial results or significant corporate actions.

Key Players & Entities

• BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (company) — Registrant
• BBVA (company) — Commonly known name for Registrant
• March 2024 (date) — Reporting period
• March 27, 2024 (date) — Filing date
• Madrid, Spain (location) — Principal executive offices

FAQ

Filing Documents

• d800865d6k.htm (6-K) — 12KB
• g800865g0327234946421.jpg (GRAPHIC) — 4KB
• 0001193125-24-078748.txt ( ) — 20KB

From the Filing

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March, 2024 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrants name into English) Calle Azul 4, 28050 Madrid Spain (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): YesNo Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): YesNo Banco Bilbao Vizcaya Argentaria, S.A. ( BBVA ), in accordance with the Securities Market legislation, hereby communicates the following: INSIDE INFORMATION BBVA has received a new communication from the Bank of Spain regarding the determination of its Minimum Requirement for own funds and Eligible Liabilities ( MREL ), set by the Single Resolution Board ( SRB ), which has been calculated taking into account the financial and supervisory information as of December 31, 2022. This communication repeals and supersedes the previous communication published on June 14, 2023 (with registration number 1887). In accordance with this communication, BBVA must keep, upon receipt of the communication from the Bank of Spain, a volume of own funds and eligible liabilities equal to 22.79% of the total risk-weighted assets ( RWAs ) of its resolution group, on a sub consolidated 1 level (the MREL in RWAs ), of which 13.50% of the RWAs of its resolution group should be met with subordinated instruments (the subordination requirement in RWAs ). Additionally, BBVA must keep, upon receipt of the communication from the Bank of Spain, a volume of own funds and eligible liabilities in terms of total exposure considered for the purposes of calculating the leverage ratio of the 8.48% (the MREL in LR ), of which 5.78% in terms of total exposure considered for the purposes of calculating the leverage ratio should be fulfilled with subordinated instruments (the subordination requirement in LR ). The MREL in RWAs and the subordination requirement in RWAs do not include the combined capital buffer requirement which, in accordance with current regulations and supervisory criteria, would stand at 3.61%. The current structure of own funds and eligible liabilities of the resolution group complies with the MREL in RWAs, with the MREL in LR, with the subordination requirement in RWAs and with the subordination requirement in LR. Madrid, March 27, 2024 1 In accordance with the MPE resolution strategy ( Multiple Point of Entry ) of BBVA Group, as established by the SRB, the resolution group consists of Banco Bilbao Vizcaya Argentaria, S.A. and subsidiaries belonging to the same European resolution group. As of December 31, 2022, the RWAs of the resolution group amounted to 206,987 million euros and the total exposure considered for calculating the leverage ratio amounted to 491,430 million euros. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banco Bilbao Vizcaya Argentaria, S.A. Date: March 27, 2024 By: /s/ Eduardo Ávila Zaragoza Name: Eduardo Ávila Zaragoza Title: Head of supervisory relations

View Full Filing

View this 6-K filing on SEC EDGAR