BBVA faces 13.6% consolidated capital minimum in 2027

The consolidated CET1 capital ratio requirement is 9.36%, and the individual-level requirement is 7.75%, effective January 1, 2027.

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Form Type

6-K

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) says the European Central Bank communicated minimum capital requirements for 2027. Effective January 1, 2027, BBVA shall maintain a consolidated total capital ratio of 13.60% and a consolidated CET1 capital ratio of 9.36%; at the individual level, the required ratios are 11.25% and 7.75%, respectively.

The consolidated requirements include a 1.70% Pillar 2 requirement, of which a minimum of 0.96% must be met with CET1 capital. The countercyclical buffer is estimated as of December 2026 using exposures as of June 2026.

Filing Explained

The 2027 consolidated Pillar 2 requirement rises from 1.50% in the prior year to 1.70%, while the separate 0.12% CET1 requirement associated with ECB prudential-provisioning expectations, which had to be met entirely with CET1, no longer applies.

Key Figures

Consolidated Total Capital Ratio: 13.60% Consolidated CET1 Capital Ratio: 9.36% Individual Total Capital Ratio: 11.25% +5 more

8 metrics

Consolidated Total Capital Ratio 13.60% Minimum requirement effective January 1, 2027

Consolidated CET1 Capital Ratio 9.36% Minimum requirement effective January 1, 2027

Individual Total Capital Ratio 11.25% Minimum requirement effective January 1, 2027

Individual CET1 Capital Ratio 7.75% Minimum requirement effective January 1, 2027

Consolidated Pillar 2 Requirement 1.70% Included in consolidated capital requirements

Pillar 2 Requirement to Be Met with CET1 0.96% Minimum portion of the consolidated requirement

Consolidated Countercyclical Buffer 0.39% Estimated as of December 2026 using exposures as of June 2026

Individual Countercyclical Buffer 0.73% Estimated as of December 2026 using exposures as of June 2026

Key Terms

Supervisory Review and Evaluation Process (SREP), Pillar 2 requirement, CET1 capital ratio, Conservation buffer, +1 more

5 terms

Supervisory Review and Evaluation Process (SREP) regulatory

"result of the Supervisory Review and Evaluation Process (SREP)"

Pillar 2 requirement regulatory

"includes a Pillar 2 requirement at a consolidated level of 1.70%"

CET1 capital ratio regulatory

"a CET1 capital ratio of 9.36%"

The CET1 capital ratio measures a bank’s core equity (common shares and retained earnings) as a share of its assets after those assets are adjusted for how risky they are. It shows how big a financial cushion the bank has to absorb losses without needing outside help, so investors use it like a fuel gauge: higher ratios mean more protection against bad loans or market shocks and lower chances of forced capital raises or regulatory action.

Conservation buffer regulatory

"Conservation buffer"

Countercyclical buffer regulatory

"The countercyclical buffer is estimated as of December 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are BBVA's minimum capital ratios for 2027?

Effective January 1, 2027, BBVA's consolidated minimums are a total capital ratio of 13.60% and a CET1 capital ratio of 9.36%; at the individual level, the minimums are 11.25% and 7.75%, respectively.

How did BBVA's Pillar 2 requirement change for 2027?

BBVA's general Pillar 2 requirement increases from 1.50% to 1.70% compared with the previous year. The separate 0.12% requirement associated with the ECB's prudential provisioning expectations, which had to be met entirely with CET1 capital, is no longer applicable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/27/2026 - 06:15 AM EDT Accepted by SEC EDGAR 10/27/2026 - 06:15 AM EDT

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 October, 2026

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 Registrant’s 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-F X		Form 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):


		Yes		No X

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):


		Yes		No X

LOGO

Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in accordance with the provisions of the Securities Market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

As a result of the Supervisory Review and Evaluation Process (SREP), the European Central Bank (“ECB”) has communicated to BBVA the minimum capital requirements for the year 2027.

In this regard, BBVA shall maintain at consolidated level a total capital ratio of 13.60% and a CET1 capital ratio of 9.36% effective from January 1, 2027. These capital ratios include a Pillar 2 requirement at a consolidated level of 1.70%, of which a minimum of 0.96% shall be met with CET1¹.

In addition, BBVA shall maintain, effective from January 1, 2027 at the individual level, a total capital ratio of 11.25% and a CET1 capital ratio of 7.75%.

Below is a table summarizing the minimum regulatory capital requirements applicable to BBVA at both the consolidated and individual level:


Capital requirements	BBVA Consolidated		BBVA S.A. (individual)
Capital requirements	CET 1	Total capital	CET 1	Total capital

Pillar 1	4.50%	8.00%	4.50%	8.00%

Pillar 2 (P2R)	0.96%	1.70%	N/A	N/A

Conservation buffer	2.50%	2.50%	2.50%	2.50%

Other Systemic Important Institution buffer	1.00%	1.00%	N/A	N/A

Systemic Risk buffer	0.01%	0.01%	0.02%	0.02%

Countercyclical buffer²	0.39%	0.39%	0.73%	0.73%

Total capital requirements	9.36%	13.60%	7.75%	11.25%

Madrid, October 26th, 2026

¹ The general Pillar 2 requirement increases from 1.50% to 1.70% compared with the previous year, while the additional 0.12% requirement associated with the ECB’s prudential provisioning expectations, which had to be met entirely with CET1 capital, is no longer applicable.

² The countercyclical buffer is estimated as of December 2026, using the outstanding exposures as of June 2026.

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: October 26, 2026	By:	/s/ Eduardo Ávila Zaragoza


	Name:	Eduardo Ávila Zaragoza
	Title:	Head of supervisory relations

Source: View Original Filing on SEC EDGAR