Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 59

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 59
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 variables, based on the objectives defined in the Budget and in the Risk Appetite Framework, approved for 2024. The Committee also continuously monitored the economic, financial and market environment throughout the year, as well as the potential impact of these trends on the management and running of the Group’s businesses. Further highlights include the Committee’s close monitoring of the economic, financial and regulatory landscape in the countries in which the Group operates, with the Committee proactively managing any changes that might have occurred in each country. It also plays an important role in monitoring and analyzing the Bank’s balance sheet. In 2024, it focused on the active management of capital, liquidity and foreign currency, in order to adapt them to changing circumstances. Regarding sustainability, the Committee kept close track of the Bank’s progress in integrating sustainability into its business, risks and governance, both through the indicators defined for this purpose, and by reviewing the progress made directly and indirectly toward the decarbonization plans, sustainable business mobilization and Community commitment. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .64.. The Committee also analyzed, evaluated and managed various matters relating to reputational risk. Further highlights include the Committee’s ongoing efforts to monitor the course and outlook for the Banco Sabadell’s takeover bid since it was launched on May 9, 2024. Also in 2024, the Committee monitored and analyzed the projects associated with the strategic priorities defined by the Bank, as well as the investments made by the Group over the course of the financial year. Other activities The Committee has also authorized the appointment of directors at subsidiaries or companies in which the Group holds a stake, as well as the granted powers of attorney to Bank employees and executives, all in accordance with the terms proposed by the corresponding areas. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .65.. 6.4. Audit Committee In accordance with Article 32 of the BBVA Regulations of the Board of Directors, the Board has set up an Audit Committee, which is primarily responsible for supporting the Board of Directors in overseeing the process of drawing up the financial statements and public information, as well the relationship with the external auditor and Internal Audit. 6.4.1. Composition of the Audit Committee (C.2.1) In accordance with the Regulations of the