Company: BBVXF
Filing Date: 2025-05-01
Form Type: 425
Source: 0001193125-25-108507
Chunk: 2

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 425
Chunk 2
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 solve the problems that this concentration poses for competition in the affected markets.” Regarding the next steps, following this authorization by the CNMC and as established by Law 15/2007 on the Defense of Competition, the Ministry of Economy has fifteen working days to decide whether to refer the concentration to the Council of Ministers. Should it do so, the Council of Ministers will assess the transaction based on public interest criteria other than the protection of competition, and it must issue its decision within a maximum period of one month (calendar days). Details of the remedies The CNMC has approved the BBVA and Banco Sabadell transaction, subject to compliance by BBVA with the following remedies, which will have a duration of three years, unless otherwise indicated. In order to guarantee financial inclusion, territorial cohesion and protection for vulnerable customers,BBVA commits to:

| ● | Not closing branches where there is no other nearby branch (BBVA or Sabadell) within a radius of at 
 least 300 meters [Remedy 4.3].                                                                      |

| ● | Not closing offices in those postal codes with a per capita income of less than €10,000 (205 postal codes) [Remedy 4.4]. |

| ● | Not leaving behind any municipality (nor substituting via an agent, a mobile bank or other means) 
 in which there are fewer than three competitors (49) [Remedy 4.1].                                |

| ● | Customers in these municipalities will be offered the “Correos Cash” service, with two 
 free weekly transactions under €2,500 each [Remedy 4.8].                               |

| ● | Not closing branches in municipalities with fewer than 5,000 inhabitants where at least one of 
 Banco Sabadell or BBVA operates (140 municipalities) [Remedy 4.5].                             |

04.30.2025

| ● | Not closing the offices of Banco Sabadell specializing in businesses in all of Spain [Remedy 
 4.6].                                                                                        |

| ● | Maintaining teller services with the same business hours at all BBVA and Banco Sabadell branches 
 [Remedy 4.7].                                                                                    |

| ● | Creating an account for vulnerable customers, with no opening, administration and maintenance fees;                                                                
 a free debit card and free, unlimited domestic transfers through digital channels, and no fees in currency transfers, among other terms and conditions [Remedy 2]. |

| ● | Not closing off-premises ATMs in