Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 617

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 617
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 in Banco Sabadell’s tax strategy from a 
 dual perspective due to either internal or external factors:                                                   |

A-427

| • |     | On one hand, the probability of failing to fulfil tax obligations, potentially resulting in a failure to pay taxes that 
 are due, or the occurrence of any other event that could potentially prevent the Bank from achieving its goals.         |

| • |     | On the other hand, the probability of paying taxes not actually due under tax obligations, thus negatively affecting 
 shareholders and other stakeholders.                                                                                 |

| – | Compliance risk: defined as the risk of incurring legal or administrative penalties, significant financial losses or                        
 reputational damage as a result of an infringement of laws, regulations, internal rules or codes of conduct applicable to banking activity. |

Senior Management and, in particular, the Board Risk Committee, monitor the Group’s risk profile through specific reports containing information and indicators associated with the main operational risks (including those associated with technology, human error, conduct, processes, security and fraud). No noteworthy impacts have been detected in 2023. Detailed information on the risks that the Group deems most material is provided below: 4.4.4.1 Technology risk In recent years, the importance, complexity and use of technology and data have increased even further in banking processes, especially in remote channels (online banking) as a result of the impact of COVID-19and the growing use of cloud services. Consequently, the reliance on information systems and their availability is a key factor, as the Bank is more exposed to cyberattacks just like the other operators in the sector. The ongoing geopolitical conflicts have brought with them the risk of becoming a target for cyberattacks, generating the need to introduce back-upmeasures. At the present time, the risk related to geopolitical conflicts is stable, though latent. Furthermore, the Institution is currently undergoing a process of transformation, based on the digitalisation and automation of processes, which increases the reliance on systems and the exposure to risks associated with this change, including digital fraud. Technology risk therefore remains one of the key focus areas of Banco Sabadell Group’s risk management. It should be mentioned that this risk is not only applicable to the Group’s own systems and processes, but it is also applicable to suppliers, given the widespread use of third parties for support in technological and business processes, and this therefore represents a significant risk when it comes to managing outsourcing. On the topic of IT outsourcing, with regard to 2022, the implementation of Project Dingle was