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information of prudential relevance 2012

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

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In keeping with the provisions of Rule Five of the Solvency Circular, on the exemption from individual or consolidated compliance with the aforementioned Rule for Spanish credit institutions belonging to a consolidable group, the Group obtained exemption from the Bank of Spain on December 30, 2009 for the following companies:

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

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