Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 688

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 688
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 Group has implemented a risk-adjusted return on capital (RaRoC) metric in segments where this is considered
relevant, which is embedded in the pricing management system and 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.

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).

A-435

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. Eligible capital and capital ratios As at 31 December 2023, the Group’s eligible capital amounted to 13,926 million euros (13,588 million euros as at 31 December 2022), representing a surplus of 3,480 million euros (3,177 million euros as at 31 December 2022), as shown below:

| Thousand euro                                                          |     |      |            |     |      |            |     |              |        |
|                                                                        |     | 2023 |            |     | 2022 |            |     | Year-on-year 
 change (%)   |        |
| Capital                                                                |     |      |    680,028 |     |      |    703,371 |     |              |  -3.32 |
| Reserves (includes profit attributable to the Group, net of dividends) |     |      | 13,198,328 |     |      | 12,838,901 |     |              |   2.80 |
| Valuation adjustments                                                  |     |      |   -471,695 |     |      |   -641,901 |     |              | -26.52 |
| Deductions and transitory effects                                      |     |      | -3,059,900 |     |      | -2,817,620 |     |              |   8.60 |
| CET1 capital                                                           |     |      | 10,346,761 |     |      | 10,082,751 |     |              |   2.62 |
| CET1 (%)                                                               |     |      |      13.19 |     |      |      12.68 |