Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 56

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 56
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5 and December 31, 2024, there were no differences between fully loaded and phased-in ratios given that the impact associated with the transitional adjustments is nil.

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The AT1 ratio stood at 1.44% as of March 31, 2025, a decrease of 9 basis point from December 31, 2024. During the three months ended March 31, 2025, Banco Bilbao Vizcaya Argentaria, S.A. completed an issuance for an amount of USD 1.0 billion of contingent convertible preferred securities (CoCos), as well as the early redemption of another issuance for the same amount. The depreciation of the U.S. dollar had a negative impact on the AT1 contribution of such CoCos.

The Tier 2 ratio stood at 3.02% as of March 31, 2025, which represents an increase of 52 basis points compared to December 31, 2024, mainly due to the issuance of subordinated debt by Banco Bilbao Vizcaya Argentaria, S.A. in Spain, amounting to €1.0 billion, during the three months ended March 31, 2025. In addition, in Mexico, USD 1.0 billion of subordinated debt was issued during such period.

As a result of the above, the total capital ratio increased to 17.55% as of March 31, 2025.

The consolidated ratios as of March 31, 2025 and December 31, 2024 were as follows:

| CAPITAL BASE (MILLIONS OF EUROS) (1) |     |                    |     |                   |
|                                      |     | March 31, 2025 (2) |     | December 31, 2024 |
| Common Equity Tier 1 (CET1)          |     |             51,745 |     |            50,799 |
| Tier 1                               |     |             57,452 |     |            56,822 |
| Tier 2                               |     |             11,946 |     |             9,858 |
| Total capital (Tier 1 + Tier 2)      |     |             69,397 |     |            66,680 |
| Risk-weighted assets                 |     |            395,352 |     |           394,468 |
| CET1 (%)                             |     |