Information of Prudential Relevance 2014

1.3. Exemptions from capital requirements at the individual or sub-consolidated level

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In accordance with the provisions the Solvency Regulations on the exemption from individual or consolidated compliance with the aforementioned rule for Spanish credit institutions belonging to a consolidated group, the Group obtained exemption from the Bank of Spain on December 30, 2009 for the following companies (this update was ratified through decision ECB 1024/2013):

  • Banco Industrial de Bilbao, S.A.
  • Banco de Promoción de Negocios, S.A.
  • BBVA Banco de Financiación, S.A.
  • Banco Occidental, S.A.