Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 708

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 708
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 terms of the TREA. Banco Sabadell already meets the requirements that apply from 1 January 2024 onwards, which are in line with Banco Sabadell’s expectations and with its funding plans. In 2022, the Bank issued 1,463 million euros of MREL-eligible senior non-preferreddebt and 750 million euros of senior preferred debt.

|                            |     | MREL Requirement |        |     |       |       |     | Subordination Requirement |        |     |       |       |
|                            |     | % TREA           |        |     | % LRE |       |     | % TREA                    |        |     | % LRE |       |
| Requirement 1 January 2022 |     |                  | 21.05% |     |       | 6.22% |     |                           | 14.45% |     |       | 6.06% |
| Requirement 1 January 2024 |     |                  | 22.22% |     |       | 6.36% |     |                           | 17.23% |     |       | 6.36% |
| MREL 31 December 2022 (*)  |     |                  | 23.41% |     |       | 8.26% |     |                           | 18.81% |     |       | 6.82% |

(*) The RWAs percentage does not include capital used to meet the CBR (2.93% as at Dec 2022 and estimated at 3.11% for 2024). Capital management The management of capital resources is the result of the ongoing capital planning process. This process takes into account the evolution of the economic, regulatory and sectoral environment. It takes into account the expected capital consumption of different activities, under the various envisaged scenarios, and the market conditions that could determine the effectiveness of the various actions being considered for implementation. The process is enshrined within the Group’s strategic objectives and aims to achieve an attractive return for shareholders, whilst also ensuring that its level of own funds is appropriate in terms of the inherent risks of banking activity. As regards capital management, as a general policy, the Group aims to adjust its overall available capital to the incurred risks. The Group follows the guidelines set out in CRD-Vand associated regulations, as well as their successive updates, in order to establish own funds requirements that are inherent in the risks actually incurred by the Group