Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 579

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 579
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 to 11.5% as at 31 December 2023. 4.4.1.3 Reputational risk In recent years, both customers and society as a whole have attached more importance to the service offered by banks. Vulnerable customers and their specific needs have gained visibility. The change of the Group’s business model, shifting to one in which less of the service is provided in person, increases the materiality of this risk, as these stakeholders’ perception of its performance is one of the factors that it considers. Banco Sabadell Group bases its business model on corporate values such as ethics, professionalism, rigour, transparency, quality and, in general, long-term business relationships that are beneficial to both the Group and its counterparties. The Group rigorously manages its reputational risk, identifying any potential or actual threat of this type in good time and ensuring that it is suitably dealt with as quickly and as early as possible, as the materialisation of such a risk could jeopardise the achievement of the vision that the Group has for its future and that it wishes to convey to the market, with its own unique and recognisable personality. The Group monitors this risk through the Board Risk Committee, which has a dashboard with indicators associated with the main stakeholders. The qualitative aspects of the RAS include the following aspects:

| – | Low appetite in the event of threats to the Group’s reputation. |

| – | Special consideration of restrictions on transactions with borrowers associated with political parties and the media. |

| – | The Group neither invests nor provides funding to companies linked to the development, manufacture, distribution,                     
 storage, transfer or sale of controversial weapons, as set forth in the various conventions of the United Nations currently in force. |

| – | The products and services offered to customers need to be known by all of the parties involved, who must be                                               
 specifically trained for their sale, only offering customers products and services that are appropriate to their needs, and safeguarding their interests. |

4.4.1.4 Environmental risk The 2015 Paris Agreement, the major milestone in the international commitment against climate change, promotes the reduction of greenhouse gas (GHG) emissions to limit global warming to “well below” 2ºC in 2100 and seeks to ensure that it does not exceed 1.5ºC in relation to pre-industrialaverage temperatures (1850-1900). The European Union adopted the Agreement and, in line with its goals, has been promoting various regulatory and non