Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 456

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 456
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 detected, enables the Board of Directors, as the body ultimately responsible for the ICAAP, to
draw a conclusion regarding the Group’s solvency position.

The level and quality of capital are Group RAS metrics and their management and
control are governed by the Group’s Risk Appetite Framework (RAF).

The Group has implemented a Risk-adjusted Return on Capital (RaRoC)
metric in segments where this is considered relevant. This metric is embedded in the pricing management system and is therefore subject to the Institution’s policies and procedures. In addition to being used in the pricing process, this metric
can measure the return obtained on each transaction and customer and even by each business unit, which makes it possible to make like-for-like comparisons.

Banco Sabadell has a Capital Contingency Plan (CCP) in place, which sets forth the strategy to ensure that the Group has sufficient management
capabilities and measures in place to minimise the negative impacts of a capital contingency and return to a business-as-usual situation. The CCP is part of the Internal
Crisis Management Framework (ICMF) and is intended to respond to potential contingencies (serious, but unlikely to occur) that could have an impact on capital in the short term; these would be less severe than a crisis, but might affect other areas,
such as liquidity, thereby comprising the Group’s continuity. The activation of the CCP may occur in response to systemic, idiosyncratic or combined contingencies. The CCP includes the governance process (preparation, approval and updating),
the key processes involved in its implementation (identification, activation, management and closure) and the capital measures to be applied in different contingency situations or crises associated with its activation. No specific reporting process
is defined for the CCP; instead, there is a general framework for action that is underpinned by protocols and by the reporting structure already in place.

A-210

Eligible capital and capital ratios As at 31 December 2024, the Group’s eligible capital amounts to 14,181 million euros (13,926 million euros as at 31 December 2023), representing a surplus above minimum capital requirements of 3,356 million euros (3,480 million euros as at 31 December 2023), as shown below:

| Thousand euro                                                          |     |      |            |     |      |            |     |              |        |
|                                                                        |     | 2024 |            |     | 2023 |            |     | Year