Banco Bilbao Vizcaya Argentaria S.A.

M&A Activity • Dec 27, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4895L

Banco Bilbao Vizcaya Argentaria SA

26 December 2018

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:

INSIDE INFORMATION

BBVA has reached an agreement with Voyager Investing UK Limited Partnership, an entity managed by Canada Pension Plan Investment Board ("CPPIB") for the transfer of a portfolio of credit rights which is mainly composed by non-performing and in default mortgage credits, with an aggregate outstanding balance amounting to approximately EUR 1,490 million (the "Transaction").

The closing of the Transaction will be completed as soon as the relevant conditions are fulfilled, which is expected to occur within the second quarter of 2019.

As at the closing of the Transaction, the impact of the Transaction in the Group's attributable profit, which is currently expected to be EUR 150 million, net of taxes and other adjustments, as well as the impact in the Common Equity Tier 1 (fully loaded), which is expected to be slightly positive, will be finally determined.

Madrid, December 26, 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCFEIFUMFASELE