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Note 29 | 6 Months Ended
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Jun. 30, 2024
Capital Base And Capital Management [Abstract] |
Disclosure of Capital Base And Capital Management [Text Block] | Capital base and capital management The eligible capital instruments and the risk-weighted assets of the Group (phased-in) are shown below, calculated in accordance with the applicable regulation, considering the entities in scope required by such regulation, as of June 30, 2024 and December 31, 2023:
Capital ratios
| June 2024 ⁽¹⁾ | December 2023
Eligible Common Equity Tier 1 capital (millions of Euros) (a) | 48,861 | 46,116
Eligible Additional Tier 1 capital (millions of Euros) (b) | 5,915 | 6,033
Eligible Tier 2 capital (millions of Euros) (c) | 9,467 | 8,182
Risk Weighted Assets (millions of Euros) (d) | 383,179 | 363,915
Common Tier 1 capital ratio (CET 1) (A)=(a)/(d) | 12.75 | % | 12.67 | %
Additional Tier 1 capital ratio (AT 1) (B)=(b)/(d) | 1.54 | % | 1.66 | %
Tier 1 capital ratio (Tier 1) (A)+(B) | 14.30 | % | 14.33 | %
Tier 2 capital ratio (Tier 2) (C)=(c)/(d) | 2.47 | % | 2.25 | %
Total capital ratio (A)+(B)+(C) | 16.77 | % | 16.58 | %
(1) Provisional data. The BBVA Group's earnings have contributed to achieving a consolidated fully loaded CET1 ratio of 12.75% as of June 30, 2024, which allows maintaining a large management buffer over the Group's CET1 requirement as of that date (9.11%4), and which is also above the Group's target management range of 11.5 - 12.0% CET1. Fully-loaded risk-weighted assets (RWA) increased in the first half of the year by €19,264 million, mainly as a result of organic growth of activity at constant exchange rates, mainly in loans and advances to customers and debt securities. The consolidated fully-loaded additional Tier 1 (AT1) capital ratio stood at 1.54% as of June 30, 2024, -12 basis points lower than as of December 31, 2023. BBVA, S.A completed an issuance for an amount of €750 million of contingent convertible instruments (CoCos) in June 2024. In addition, in March 2024, the call for redemption of another issuance of contingent convertible instruments for a total amount of €1.0 billion was made. The consolidated fully loaded Tier 2 ratio stood at 2.47% as of June 30, 2024, which represents an increase of 22 basis points compared to December 31, 2023, mainly due to the issuance of a subordinated bond in Spain for €1,250 million in February 2024, and, to a lesser extent, the issuance in Mexico, Turkey and Peru of subordinated debt for amounts of USD 900, 500 and 300 million, respectively in the first quarter of 2024. A subordinated debt issuance for an amount of €750 million was redeemed in Spain. As a consequence of the foregoing, the consolidated fully loaded total capital ratio stood at 16.77% as of June 30, 2024. As of June 30, 2024 there are no differences between the consolidated fully-loaded ratios and the phased-in ratios given that the impact associated with the transitional adjustments associated with IFRS 9 is nil. The breakdown of the leverage ratio as of June 30, 2024 and December 31, 2023, calculated according to CRR (Capital Requirements Regulation), is as follows:
Leverage ratio
| June 2024 ⁽¹⁾ | December 2023
Tier 1 (millions of Euros) (a) | 54,776 | 52,150
Exposure to leverage ratio (millions of Euros) (b) | 809,063 | 797,888
Leverage ratio (a)/(b) (percentage) | 6.77 | % | 6.54 | %
(1) Provisional data. As of June 30, 2024, the phased-in leverage ratio stood at 6.77%. Tier 1 grew supported by the generation of results, while there was higher exposure in off-balance sheet assets, which together resulted in an increase of 23 basis points in the leverage ratio compared to December 31, 2023 (6.54% phased-in). On March 27, 2024 the Group made public that it had received a communication from the Bank of Spain regarding its MREL 5 requirement, established by the Single Resolution Board (“SRB”). According to this communication, BBVA must maintain, as from March 27, 2024, an MREL in RWA of 22.79%6. In addition, BBVA must reach, also as from March 27, 2024, a volume of own funds and eligible liabilities in terms of total exposure considered for purposes of calculating the leverage ratio of 8.48% (the “MREL in LR”)7. These requirements do not include the current combined capital requirement, which, according to current regulations and supervisory criteria, is 3.62%8. With respect to the MREL ratios 9 achieved as of June 30, 2024, these were 28.42% and 11.95%, respectively for MREL in RWA and MREL in LR, reaching the subordinated ratios of both 22.18% and 9.32%, respectively. Given the structure of the resolution group's own funds and eligible liabilities, as of June 30, 2024, the Group meets the aforementioned requirements.

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