Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 453

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 453
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 Exposure 
 (LRE).                                                                                                           |

| – | The subordination requirement is 15.84% of the TREA and 6.39% of the LRE. |

The own funds used by the Institution to meet the Combined Buffer Requirement (CBR) will not be eligible to meet the MREL and subordination requirements expressed in terms of the TREA. In the calibration of the MREL requirement, the Group has obtained the maximum possible reduction of 20% of the Market Confidence Charge (MCC) taking into account the progress shown in its level of resolvability and based on the provisions of Article 12d(3) of Regulation (EU) 2019/877, which states that the SRB has the power to establish a lower amount of said component in the calibration process of the MREL requirement.

|                                |     | Previous requirements (*) |     |       |     | New requirements |     |       |
|                                |     | % TREA                    |     | % LRE |     | % TREA           |     | % LRE |
| MREL Requirement (**)          |     | 22.52%                    |     | 6.35% |     | 22.14%           |     | 6.39% |
| Subordination Requirement (**) |     | 17.31%                    |     | 6.35% |     | 15.84%           |     | 6.39% |

(*) Effective from 1 January 2024 to 16 December 2024. (**) The MREL and subordination requirements as a % of the TREA do not include capital used to meet the CBR. In 2024, the Group issued 1 billion euros of MREL-eligible senior non-preferreddebt and 750 million euros plus 450 million pounds sterling of senior preferred debt (see Note 4.4.3.1 - Liquidity and funding risk). A-208

Banco Sabadell is compliant with the new MREL requirements, as shown below:

|                           |     | MREL ratio |     |       |     | Subordination ratio |     |       |
|                           |     | % TREA     |     | % LRE |     | % TREA              |     | % LRE |
| MREL 31 December 2024 (*) |     | 24.66%     |     | 9.54% |     | 20.49