Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 134

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 134
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 to BBVA or other relevant third parties. If the CNMC decides to authorize the economic concentration subject to conditions, including any remedies or commitments proposed by the party requesting authorization (here, BBVA) or different conditions imposed by the CNMC itself, or declare such economic concentration inappropriate, the CNMC’s resolution is communicated to the Spanish Minister of Economy, Trade and Business and it is not effective (i) until a 15-business-dayperiod lapses without a referral by the Spanish Minister of Economy, Trade and Business to the Council of Ministers for review on the basis of general public interest or (ii) if such a referral is made, until the Council of Ministers issues a decision or a subsequent one-month period lapses without a decision from the Council of Ministers. Current Status BBVA submitted to the CNMC its request for authorization of the economic concentration resulting from completion of the exchange offer on May 31, 2024. Phase I was tolled several times as a result of information requests made by the CNMC to BBVA and other parties, including Banco Sabadell. On September 23, 2024 and October 25, 2024, BBVA submitted to the CNMC a series of measures aimed at ensuring financial inclusion, lending to SMEs and competitiveness, especially in Catalonia and the Valencian Community. Specifically, BBVA presented the following three-year commitments (except as noted below), aimed at mitigating the risks identified by the CNMC:

| • |     | With respect to the potential risk of deterioration of commercial conditions to retail customers (either                                                                                                                                                
 individuals, entrepreneurs or SMEs), BBVA has committed to (i) maintain commercial conditions in those postal code areas in which there are fewer than four financial institutions, (ii) maintain the commercial policy and the average national prices 
 in the concession of new lending to SMEs, and not close branches specialized in corporates, and (iii) communicate any changes to the commercial conditions offered to Banco Sabadell clients.                                                           |

| • |     | With respect to the potential risk of financial exclusion, BBVA has committed to (i) offer a special account for                                                                                                                                  
 vulnerable clients, (ii) not close branches in those municipalities where there are fewer than two financial institutions or where there is not another BBVA or Banco Sabadell branch within 300 meters of the subject branch nor in those postal 
 code areas where the per capita income is less than €10,000, and (iii) maintain the opening hours of the Banco Sabadell