Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 685

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 685
---
 Resolution Board (SRB) concerning the minimum requirement for own funds and eligible liabilities (MREL) and the subordination requirement applicable on a consolidated basis. The requirements that must be met from 1 January 2024 are as follows:

| – | The minimum MREL is 22.52% of the total risk exposure amount (TREA) and 6.35% of the leverage ratio exposure (LRE). |

| – | The subordination requirement is 17.31% of the TREA and 6.35% of the LRE. |

The decision does not introduce changes to the following interim requirements that must be met from 1 January 2022. The own funds used by the Institution to meet the combined buffer requirement (CBR), comprising the capital conservation buffer, the systemic risk buffer and the countercyclical buffer, will not be eligible to meet the MREL and subordination requirements expressed in terms of the TREA. Banco Sabadell is already compliant with the requirements that it needs to meet from 1 January 2024 onwards, which coincide with Banco Sabadell’s expectations and are in line with its funding plans. In 2023, the Institution issued 1.5 billion euros of MREL-eligible senior non-preferred debt 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 |     |                  | 22.52 | % |     |       | 6.35 | % |     |                           | 17.31 | % |     |       | 6.35 | % |
| MREL 31 December 2023 (*)  |     |                  | 24.73 | % |     |       | 9.34 | % |     |                           | 20.13 | % |     |       | 7