Banco Bilbao Vizcaya Argentaria SA 2021 BBVA has completed the sale of BBVA Paraguay (6758M)
January 25 2021 - 2:00AM
UK Regulatory
TIDMBVA
RNS Number : 6758M
Banco Bilbao Vizcaya Argentaria SA
22 January 2021
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
INSIDE INFORMATION
Further to the Relevant Event published on August 7, 2019, with
registration number at the Spanish CNMV 281163, BBVA informs that,
as of today, after obtaining all required authorizations, BBVA has
completed the sale to Banco GNB Paraguay, S.A., an affiliate of
Grupo Gilinski, of its direct and indirect shareholding stake of
100% share capital in Banco Bilbao Vizcaya Argentaria Paraguay,
S.A. ("BBVA Paraguay").
The consideration received by BBVA, as a consequence of the
referred sale, amounts to approximately 250 million USD. The
transaction results in a capital loss of approximately 9 million
euros ([1]) net of taxes and in a positive impact on BBVA Group's
Common Equity Tier 1 (fully loaded) of approximately 6 basis points
([2]) . These impacts will be recorded in BBVA Group's first
quarter financial statements for FY 2021.
Madrid, January 22, 2021
([1]) EUR/USD exchange rate for the impact on the financial results of 1.185.
([2]) The determination of the impact on Common Equity Tier 1
was made taking into consideration the group's financial statements
as of september 2020 and a EUR/Guaraní exchange rate of
8,442.534.
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