Banco Bilbao Vizcaya Argentaria SA (BBVA) Tuesday announced that it would comfortably meet the new requirements of financial reform in Spain.
The company reiterated that the reform does not impede BBVA plans to meet comfortably with the recommendations of the EBA.
The company further reiterated that the strategy of anticipation in risk management will enable BBVA to meet the new financial reform play in Spain.
The company added that the estimated final net impact of the new regulation for BBVA in the profit and loss account will amount to 1,360 million euros, to be absorbed entirely in 2012 because of the recurrence and resistance results.
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