Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 442

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 442
---
it and where agreed by the Institution’s management and administrative bodies.                  |

The following compliance risks have been identified:

| – | Anti-money laundering and countering the financing of terrorism. |

| – | Data protection. |

| – | Market integrity. |

| – | Customer protection (including the following risks: MiFID, EBA, other products and services, sustainability, 
 misconduct with customers and advertising).                                                                  |

| – | New legislation. |

| – | Ethics and conduct (includes risks related to corporate crime prevention, remuneration and the code of conduct and 
 ethics).                                                                                                           |

| – | Customer Care Service (Servicio de Atención al Cliente, or SAC). |

Note 5 – Minimum own funds and capital management Minimum own funds requirements The Group calculates minimum own funds requirements in accordance with the regulatory framework based on Regulation (EU) 575/2013 (CRR), which sets forth the capital and solvency requirements, and Directive 2013/36/EU (CRD IV), in relation to prudential supervision. These regulations were amended in 2019 by Regulation (EU) 2019/876 (CRR II) and by Directive (EU) 2019/878 (CRD V) to reflect the standards established by the Basel Committee on Banking Supervision, known as Basel III. However, to implement the pending items of the Basel III reform agreed in December 2017 by the Basel Committee on Banking Supervision (BCBS), the aforesaid regulations were subsequently amended in 2024 by Regulation (EU) 2024/1623 (CRR III) and by Directive (EU) 2024/1619 (CRD VI), respectively. The CRR III regulation is applicable in the European Union, as a general rule, as from 1 January 2025 and the CRD VI directive should be transposed into Spanish law no later than 10 January 2026 and shall be applicable, as a general rule, as from 11 January 2026. The Covid-19health crisis prompted competent institutions in Europe to temporarily lower the liquidity, capital and operational requirements applicable to banks, to ensure that they could continue carrying out their role of providing funding to the real economy. These transitional provisions ended in December 2024, as established in Regulation (EU) 2020/873, although they did not have any impact on the Institution as the phase-inratios coincide with the fully-loaded ratios. In accordance with the