Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 874

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 874
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. On 10 January 2023, Banco Sabadell received a communication from the Bank of Spain regarding the decision made by the Single Resolution Board (SRB) concerning the minimum requirement for own funds and eligible liabilities (MREL) and the subordination requirement applicable on a consolidated basis. The requirements that must be met as from 1 January 2024 are as follows:

| – | The minimum requirement for own funds and eligible liabilities (MREL) is 22.22% of the total risk exposure amount 
 (TREA) and 6.36% of the leverage ratio exposure (LRE).                                                            |

| – | The subordination requirement is 17.23% of the TREA and 6.36% of the LRE. |

A-660

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. The decision does not introduce changes on the following intermediate requirements that must be met as from 1 January 2022:

| – | The MREL requirement is 21.05% of the TREA and 6.22% of the LRE. |

| – | The subordination requirement is 14.45% of the TREA and 6.06% of the LRE. |

The capital used by the Institution to meet the combined buffer requirement (CBR), comprising the capital conservation buffer, the systemic risk buffer and the counter-cyclical buffer, will not be eligible to meet its MREL and subordination requirements expressed in terms of the TREA. Banco Sabadell already meets the requirements that apply from 1 January 2024 onwards, which are in line with Banco Sabadell’s expectations and with its funding plans. In 2022, the Bank issued 1,463 million euros of MREL-eligible senior non-preferreddebt and 750 million euros of senior preferred debt.

|                            |     | MREL Requirement |        |     |       |       |     | Subordination Requirement |        |     |       |       |
|                            |     | % TREA           |        |     | % LRE |       |     | % TREA                    |        |     | % LRE |       |
| Requirement 1 January 2022 |     |                  | 21.05% |     |       | 6.22% |     |