Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 5

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 5
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 p. 4

REINFORCED STRATEGIC RATIONALE 1 Strategic Rationale Even More Convincing since the Announcement (1/2) Original Transaction Update on Drivers Drivers ‘Europe needs [...] massive investment if it wants to keep pace economically’ Mario Draghi Consolidation in a core ● Reignited European focus European market ‘We need large and diversiﬁed banks […]. We on increasing investment and need them to compete at global level’ spending María Luís Albuquerque, European Union Commissioner ● Recognition of the need for Only 1 eurozone Bank within the larger banks at the European Top 20 World's largest banks level Technology expenses BBVA Spain Larger size to undertake ● Acceleration of technological (€ Mn) technological investments disruption (AI) % +11 achieving economies of scale ● New regulatory requirements 1,127 1,017 on technological resilience (e.g. DORA) 2023 2024 p. 5 p. 5

REINFORCED STRATEGIC RATIONALE 1 Strategic Rationale Even More Convincing since the Announcement (2/2) Original Transaction Update on Drivers Drivers Market Shares in Spain 1 (Dec’24 ) Combination of very ● Both banks improved market position complementary 14.8% 12.9% 12.0% 6.5% businesses 2 3 2 3 SMEs Retail SMEs Retail Cross-border income Global reach to support ● New strategic plan of BBVA (BBVA Global, € Bn) emphasizing SME/Enterprise Sabadell’s SME/Enterprise clients clients with a full product % +38 suite across geographies 2.2 ● Global trade dialogue forcing 1.6 clients to diversify into new markets 2023 2024 (1) Source: System loans from Bank of Spain as of Dec’24. BBVA Spain market share as of Dec’24 based on loans reported to Bank of Spain. Banco Sabadell based on internal estimates. (2) Loans to non-ﬁnancial p. 6 p. 6 companies with total assets < 43 million € and/or revenues < 50 million € and/or < 250 employees. (3) Includes mortgages and consumer loans.

REINFORCED STRATEGIC RATIONALE 1 A Positive Transaction for All Stakeholders Society Customers Employees Greater ﬁnancing capacity: Expanded network and New professional 2 product oﬀering and global opportunities in a leading, 5.4 €