Company: BBVXF
Filing Date: 2025-09-05
Form Type: 425
Source: 0001193125-25-196725
Chunk: 5

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 425
Chunk 5
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ing 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 €Bn per year for reach global institution that households and companies promotes meritocracy 1 Strong BBVA commitments Strong commitment with around credit volumes and the key territories where commercial conditions, Banco Sabadell operates, such specially for Catalonian SMEs as Catalonia, the Valencian Community and Asturias p. 7 p. 7 (1) See full list of commitments undertaken before the CNMC in bbva.com; (2) Post - merger

BBVA, A GREAT PARTNER 2 BBVA is a Unique Combination of Growth and Proﬁtability LOAN GROWTH (2024 vs. 2023 current €) Peer 2 Peer 5% 12 Peer 6 Peer 4 Peer 1 Peer 7 Peer 9 Peer 10 Peer 13 0% Peer 3 Peer 8 Peer 5 -5% Peer 11 PROFITABILITY RETURN ON TANGIBLE 5% 10% 15% EQUITY (2024) p. 8 p. 8 European Peer Group: BAR