Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 289

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 289
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 |     |            |      19.38 |     |            |      17.62 |     |            |  9.99 |   |
| Risk-Weighted Assets (RWAs)                                            |     |            | 79,212,377 |     |            | 80,484,738 |     |            | (1.58 | ) |

(*) The Institution is currently implementing a share buyback programme for a maximum amount of 755 million euros, corresponding to the CET1 capital in excess of the fully-loaded CET1 ratio’s management target of 13% as at 31 December 2024. Of that programme, as at 30 June 2025, the portion executed amounts to 393 million euros, with the portion pending execution amounting to 362million euros, which have been adjusted in the Institution’s reserves. The share buyback programme charged to 2023 earnings, of which 247million euros remained pending execution as at the beginning of 2025, has now been completed. (**) Minimum capital requirements have been calculated taking into account capital requirements in effect as at June 2025 for Pillar 1 (8%) and Pillar 2R (2.25%), as well as the capital conservation buffer (2.50%), countercyclical buffer (0.43%) and the buffer for other systemically important institutions (0.25%). CET1 capital accounts for 70.27% of eligible capital. Deductions are mainly comprised of intangible assets, goodwill and deferred tax assets. Tier 1 comprises, in addition to CET1 funds, items that largely make up Additional Tier 1 capital (17.91% of own funds), which are capital items comprised of preferred securities. In this respect, one issue of contingently convertible preferred securities (CoCos) was carried out on 20 May 2025 in the amount of 1 billion euros. Tier 2 capital provides 11.81% of the solvency ratio and is essentially made up of subordinated debt. The loss of eligibility in the period of the Subordinated Bonds 1/2016 series, because it was issued before 27 June 2019, is noteworthy; these bonds had contributed 86 million euros to Tier 2. Risk-Weighted Assets (RWAs) declined by 1,272 million euros in the period, mainly as a result of a reduction of credit RWAs. This reduction is essentially due to the entry into force of CRR III